RICS sees some improvement in the market

Figures from the Royal Institution of Chartered Surveyors (RICS) have given hope to some that the house market may be improving. RICS found that 41 per cent more chartered surveyors reported new buyer enquiries rising rather than falling in April, up from 32 per cent in March, and the highest reading since August 1999. The pace of house price decline slowed with 59.9 per cent more estate agents reporting price falls rather than increases last month, down from 72.1 per cent in March. Agents sold on average 10.6 properties between February and April, up from 9.7 in the previous quarter. A spokesperson from RICS said however, that the market was ‘unlikely to see significant improvement while money remains in short supply…’