RICS Report More Good News – Market Increases For Second Month In Row

The recent monthly snapshot from RICS has reported good news for the second month in a row.

According to the report, buyer enquiries in January rose to a net balance of 23% up from 19% in December.

RICS also reported that agreed sales had increased for the second month in a row – up to a net balance of 21%.

RICS did report that the average stock level was low with an average of just 43 properties per branch.

Speaking on the report, RICS Chief Economist said:

“It remains to be seen how long this newfound market momentum is sustained for, and political uncertainty may resurface towards the end of the year. But, at this point … contributors are optimistic regarding the outlook for activity over the next  12 months.”

You can read more on this story over at Estate Agent Today here.


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