Experts claim growth in confidence in housing market

First published in News Darlington and Stockton Times: Photograph of the Author by , Reporter (Shildon and Spennymoor)

CONFIDENCE is returning to the North-East housing market with a rise in the number of potential buyers in recent months.

The Royal Institute of Chartered Surveyor’s housing market survey states that enquiries from would-be-purchasers have grown steadily since the end of the summer.

Demand is still at a low level, but people are looking to test the market.

Chartered surveyors are optimistic that the North-East housing market will continue to rise over the next three months.

The amount of homes in the North-East coming up for sale remained flat in November, but 23 per cent of chartered surveyors reported falling house prices.

Richard Sayer, of Rook Matthews Sayer, RICS North East Residential spokesman, said: “There is certainly some optimism creeping back into the housing market.

“We saw activity increase during the last quarter of the year, with increased enquiries from potential buyers, which will hopefully result in sales increasing next year.

“That said, there is still a way to go until we see significant improvement in the housing market, and the barriers to home ownership are still very much a problem for the likes of first time buyers.”

Across the UK, London was the only part of the country to see prices increase.

Comments (1)

Please log in to enable comment sorting

10:40pm Tue 11 Dec 12

johnny_p says...

The British and their "barometer" of economic success because of house price rises. Talked up by the general public and estate agents- especially the latter who make an even bigger cut form the sale.

Boring- so boring. Daily Mail readers will rejoice though I expect....
The British and their "barometer" of economic success because of house price rises. Talked up by the general public and estate agents- especially the latter who make an even bigger cut form the sale. Boring- so boring. Daily Mail readers will rejoice though I expect.... johnny_p
  • Score: 0

Comments are closed on this article.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree