Home » Property Management » House sales rise for fourth month, Rics reports

House sales rise for fourth month, Rics reports

Infomatrix OneView i-jobs applicationThe number of property sales rose in January for the fourth straight month prompting a claim that “the very worst may be over” for the UK housing market.

However, the Royal Institution of Chartered Surveyors (Rics) warned that any recovery in the market remains very fragile, with prices continuing to fall in most of the country. It said that 4% more surveyors reported price falls than price rises in January, compared with 1% the month before. The biggest falls were in Yorkshire and the West Midlands. The figures tie in with January’s house price report by Halifax, which said prices fell by 0.2% over the month.

But Rics said that the number of newly agreed sales is rising, with a net balance of 15% stating that levels of sales are up. Transactions have now risen for four consecutive months, said Rics.

But there is little sign yet of the much-heralded return of the first-time buyer. The government-backed Funding for Lending scheme is credited with reducing mortgage rates of low-deposit loans, but Rics said demand from would-be purchasers fell back in January.

Many contributors said that the rental market remained much stronger than the sales market.

Finding a solution to predicting peaks and trough in the property market sector by comparing the present economy, to past trends and future forecasts will require a multi dimensional analytics software package, this is where Informatrix OneView can help.

Businesses that adopt Infomatrix OneView can benefit from increased efficiency and awareness of the key factors that can impact their growth and market share.

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