Sunday, July 19, 2009
Yearning for the good times
An important milestone was passed last month, according to the Royal Institution of Chartered Surveyors (Rics). For the first time since May 2007 â€” before the credit crunch â€” more surveyors expect house prices to rise, rather than fall, in the next three months. In a generally upbeat survey, Rics members reported rising demand, increased sales, limited supply and falling stocks. It is still, in many ways, a strange market, with prices apparently stabilising at levels of activity much lower than normal.