Tuesday, Feb 09, 2010
January 2010
RICS: Housing Market Survey
The January 2010 RICS Housing Market Survey showed an increasing number of surveyors seeing price rises rather than falls. The seasonally adjusted net balance of surveyors reporting rising rather than falling prices rose to 32% in January from 30% and is now only slightly below November's recent high of 35%.
However, buying and selling fell during the month; respondents to the survey attributed this to the extreme weather conditions experienced in the early January. The new buyer enquiries net balance fell to -20% (from +18%), the agreed sales net balance fell to -15% (from +19%) and the new instruction net balance fell to -5% (from +15%).
Posted by dill @ 10:17 AM (477 views) Add Comment
4 Comments
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1. Lyn said...
I would expect those with vested interests to talk up the market at this time of the year.Interesting that those in the industry never mention more overvalued or have to come down 3 times earnings etc.
2. little professor said...
Link is borked for me - try this:
http://www.rics.org/site/download_feed.aspx?fileID=5828&fileExtension=PDF
Looks like London and the South are carrying the rest of the UK.
Also not looking good in terms of new buyer enquiries, although that maybe seasonal
3. dill said...
Agreed, LP.
BTW, the file id went from 5826 to 5828 after I posted. Hence the bad link. Curious.
4. mystie010 said...
I could not believe our South Devon news today at half one. The headline said "Could the South Devon property market be feeling the chill as buyers stay away due to the cold weather?" I thought to myself oh this sounds good and might be worth watching to see if sales were dipping. I seriously could not believe my ears when the report turned to the Rics report and how prices were continuing to rise in the region. Then the report went on to sing the praises of the market and how well it was doing with a special guest appearance from some guy from Connells (Local estate agents) and some dim woman who was saying that she was going to buy now as it really is the best time. I really could not believe the cheek of it! If I had known it was going to be another spin on rising house prices I wouldn't have bothered listening. Is this perhaps the new way of reporting on the housing market? i.e. start of with a Oh look the property market is faltering headline and then when you are hooked they sock the 'oh look prices are rising really ha ha ha' line. Did anyone else down my neck of the woods see this I think it was shameful!