Property market indicators 'show positive trend'

by Rachel Crook

The UK property market has shown a further improvement in trends, according to a new survey.

April figures from the Royal Institution of Chartered Surveyors (Rics) showed that the majority of surveyors reporting a fall in prices over those recording a rise was at its lowest level since January 2008.

In London, this balance improved "markedly", Rics stated, with only nine per cent more respondents reporting a drop in prices than an increase.

It also revealed that buyer interest is still on the rise, with the month showing a jump in the number of sales per surveyor from 9.7 to 10.6, alongside universal agreement that this figure will improve further.

According to the most recent Land Registry figures, covering to the end of March, prices in England and Wales fell 16.2 per cent in the past year.

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Published on: May 12, 2009

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