House sale instructions drop due to lack of buyer interest

April 8, 2010

The UK housing market experienced a shift in the balance between supply and demand in February, with new instructions outpacing buyer interest for the second consecutive month.
According to the Royal Institution of Chartered Surveyors’ (RICS) latest housing market survey, a net balance of 15% of surveyors reported a rise, rather than a fall, in new instructions, compared with a negative balance of 5% in January.
Surveyors are still reporting house price gains in most regions but the RICS points out that “net balances are a little less positive than they were”.
The North, Yorkshire and Humberside, Wales and the West Midlands are the exceptions, with house price falls still prevalent.
In terms of price expectations, February’s balance remains in positive territory although at its lowest since July 2009.
However the magnitude of the gains going forward is likely to continue to ease reflecting the fact that new supply coming onto the market is starting to outstrip fresh demand.

Be Sociable, Share!


No Comments Yet.

Got something to say?

  • Fast Cash Offer Definate Call Back Within 24 Hours

    Name (required)

    Email (required)


    Post Code

    Type of Property

    Your Message


To Sell your House quickly

Contact us today and get your life back on track. The quicker you call us the quicker you can get back on track.
You have nothing to lose - we even pay for your call.
So call now on 0800 012 2829 and sell your house quickly or click here and we will call you back.