More people show interest in moving
More people are actively on the hunt for houses, with increased buyer inquiries in November suggesting improved confidence, surveyors said today.
Although demand from would-be buyers is still at low levels by historic standards, people who are in a position to buy a house are gradually coming forward to test the market, the Royal Institution of Chartered Surveyors (RICS) said.
Peter Bolton King, RICS global residential director, said: 'There is certainly some optimism creeping back into the housing market, and it is encouraging to see an increase in potential buyers across parts of the country where the market has particularly suffered in recent years.
'That said, there is still a long way to go and the long-standing barriers to home ownership are still very much a problem for the likes of first-time buyers.'
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But despite an expected pick-up in sales in the coming months prices are likely to remain flat, RICS said in its housing market survey for November.
A balance of nine per cent more surveyors reported price falls than rises on a monthly basis, which is slightly up on October but suggests that the market is fairly stable.