New reports have suggested that British house prices are rising, prompting speculation that the market is starting to recover, guardian.co.uk reports.
The Royal Institution of Chartered Surveyors (RICS) has reported a 38 per cent increase in ‘new-buyer enquiries’, which is the fastest growth in demand for property since August 2009.
Twenty-one per cent of surveyors said that prices rose in June, which means that last month was the strongest for house prices since January 2010.
This information comes only days after property website, Rightmove and lender Halifax implied that property prices were rising.
Following that news, a record 45 per cent of RICS members said they were confident that sales would continue to rise in 2013 instead of seeing a drop. Only 36 per cent said the same in May.
If founded, the news will be of great interest to those working in the industry, especially those coming through estate agent graduate schemes, who are likely to be kept very busy with a greater number of enquiries.
Commenting on the positive turn of events, RICS global residential director, Peter Bolton King told propertywire.com: “After what has seemed like a very long wait, we are finally starting to see what looks like the beginning of a recovery in the housing market.”