Buyers Returning to the Housing Market
The latest report from RICS shows the number of new buyer enquiries growing at the fastest pace since records began 10 years ago.The strongest increases were in London & the North, followed by the East & West Midlands.
This increase in buyer enquiries comes as the number of properties for sale falls, being 32% lower than a year ago, meaning that with a shortage of available properties, prices are likely to rise.
Despite buyer enquiries, transactions are still held back by lack of available mortgage funding.
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