Date: Wednesday 30 September 2009
Two recent news articles about the housing market indicate a positive turnaround.
News comes from the Royal Institution of Chartered Surveyors. They report that more house prices in the UK rose in September than fell. This is the first time they have reported positive figures for two years. They also increased a rise in enquiries to surveyors from new buyers and a rise in the actual number of sales of homes in September.
Hometrack’s national housing survey has revealed that house prices rose 0.2% in September.
This is the second monthly increase that Hometrack has registered since July 2007. Richard Donnell, Hometrack’s director of research said: “While a lack of housing for sale is providing a support to prices, talk of a general improvement in property and equities is leading to increased market confidence.”
This can only be good news, both for the housing industry and the economy as a whole.