Surveyors report surge in house sales

8 May 2014 | By Steve Tolley

The average number of houses being sold per chartered surveyor is at its highest since Feburary 2008 despite a continuing fall in the number of properties coming onto the market, according to the Royal Institution of Chartered Surveyors (RICS).
In the latest quarterly residential market survey carried out by RICS, 26 per cent of surveyors reported an increase in agreed sales. On average each surveyor was involved in 23 successful sales.
However, the survey also found that the number of properties coming onto the market has fallen for the fourth month in a row.
Coming just days after former Chancellor Lord Lawson called on the Government to lower the Help to Buy cap to effectively exclude London from the scheme, RICS says “there does now appear to be a broadening out of the recovery away from the capital”.
Almost two-thirds of chartered surveyors in the North West and 57 per cent of surveyors in East Anglia said they expect prices to continue to rise. In London less than half said they expect to see continuing price rises, down from 61 per cent in March.