UK Housing market continues to grow says RICS

The good news for the industry keeps coming this month as the latest figures from the Royal Institution of Chartered Surveyors (RICS) indicates the UK housing market is continuing its return to good health.

RICS found that in June, 21% more chartered surveyors reported that house prices had risen rather than fallen across the country – the strongest reading since January 2010. The price uplift is mainly a result of prospective buyers starting to return to the market, RICS said, finding that 38% more surveyors reported a rise rather than a fall in new buyer enquiries. 

Demand has grown at a rate not seen since August 2009. RICS also revealed that in June, 45% more chartered surveyors predicted that house sales would rise rather than fall over the next three months. This is the most positive reading in the market survey’s 14 year history. 

Peter Bolton King, RICS’ global residential director, commented: 

“Activity levels still remain depressed by historic standards but the various initiatives designed to encourage the provision of finance into the market do appear to be paying dividends.”

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