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UK Property market continues to pick up

According to the Royal Institution of Chartered Surveyors (RICS) the UK property market is continuing its spring upturn.

Its latest monthly survey of 245 members who work as estate agents reveals that prices are continuing to rise and that sales have also increased. During April, 17% more surveyors said prices were rising rather than falling, up from 9% in March.

The report also showed that the number of homes on the market was greater than the number of enquiries from potential new buyers. However, many buyers choose not to register with estate agents and monitor the market via other means, such as the internet.

Generally, optimism of RICS members has increased significantly with regard to both sales and prices.

Speaking on behalf of the RICS, spokesman Jeremy Leaf said: “The start of spring has seen renewed optimism with the good weather improving sentiment and surveyors expecting an increase in both sales and house prices”.

 

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