Conveyancing Solicitors Ipswich – Housing market beginning to pick up

Linda Mulrooney

‘The Royal Institution of Chartered Surveyors (RICS) has reported a ‘three year high’ for the housing market. There has been an increase from potential new buyers of homes in England and Wales. Over the last three months Chartered Surveyors have handled, on average, 17.4 home sales. This is the highest number reported since March 2010.

A director at RICS said, “A buoyant, healthy property market is central to economic recovery and, while these are still very much early signs, it is encouraging that sales are beginning to pick up. The increase in potential buyers getting out there and viewing property is particularly encouraging.”

Lenders have suggested that the Government’s scheme launched last August, which gave banks access to cheap finance, has been a driving force to help reduce interest rates for customers.

The RICS has noted that house prices have remained relatively stable across the UK for the past six months. But there is hope that the RICS report suggests a revival in the property market that would aid the economic recovery.’

Linda Mulrooney is a property executive in the residential property team at Barker Gotelee, solicitors in Ipswich

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