General News

October 2015 Residential Market Survey released

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?The RICS October Residential Market Survey results show that ?house prices have risen across all parts of the UK for the third consecutive month, and are expected to rise by 4.5% per annum over the next five years as demand from potential buyers grows and continues to considerably outpace supply”.

Price momentum remains firm, with the headline price balance coming in at +49% compared with +44% in September. Buyer demand grew at a more moderate pace during October with a net balance of +12% of contributors reporting a rise, down from +18% the previous month. However, due to the ongoing shortage of new instructions coming to market, demand continues to outpace supply across most parts of the UK. In fact, the supply of new instructions coming to the market decreased for the ninth month in succession, with a net balance of +10% of respondents reporting a fall; instructions have only increased in one month since the middle of 2014.

Posted in ASR News

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