The housing market has seen some of its best results since the financial crash took hold in 2007, huffingtonpost.co.uk reports.
According to the latest RICS Residential Market Survey, house prices have posted their fastest rise since the record-breaking figures of 2006. Not only that, the number of new prospective homeowners entering the market has reached levels not seen since 2009.
The RICS report, which takes in the whole of the UK, also found that this recovery wasn’t just limited to the typically strong housing spots such as London and the South East, but had instead been reported across most of the UK. In fact, some of the worst-affected areas between 2007 and 2012 were those which experienced the biggest growth in 2013 – including the West Midlands and North East.
Combining the strong results with geographic spread, analysts have claimed, is the best indication yet that recovery is on the horizon – good news for estate agency personnel as this growth looks to be on strong foundations.
When looking ahead, a net balance of +35 per cent of letting agents are expecting further growth over the coming years.
Commenting on the results, RICS global residential director Peter Bolton King told independent.co.uk: “It looks like at long last a recovery could be around the corner.
“Growth in buyer numbers and prices have been happening in some parts of the country since the beginning of the year but this is the first time that everywhere has experienced some improvement. It is clearly good news that those parts of the property market that were struggling are at last showing some signs of life.”