icDumfries - Housing market transactions rise
icDumfries logo
icDumfries Galloway News Dumfries Galloway icHomes ScotCareers
Search icDumfries for:


Housing market transactions rise

Feb 12 2013

 

The number of transactions taking place in the housing market has increased for a third consecutive month, according to surveyors.

A balance of 12% more surveyors reported an increase in the number of newly-agreed sales in January, continuing the upward trend.

While the latest findings by the Royal Institution of Chartered Surveyors (Rics) gave cause for some optimism, prices remain "subdued".

House prices continued to dip during January and are predicted to fall further over the next three months.

Overall, 26% more respondents stated that prices fell rather than rose in the first month of the year.

Rics said it appears that the cautious recovery in prices seen in some parts of the UK has not yet translated to the Scottish market.

Chris Highton, of Allied Surveyors in the Borders, said: "The market seems to have started with a bit of a flourish after the Christmas break, with replacement home reports being instructed and new properties coming to the market, however prices still remain subdued in most cases."

Greg Davidson, from Graham and Sibbald in Perth, told the survey there had been "some positive market activity already in 2013 as the new year brings a fresh appetite".

The responses and statistics were contained in Rics' UK Housing Market Survey for January.

Looking at the prospects for the UK as a whole, the survey stated: "The near term outlook is a little mixed but the medium term view is rather more positive. Indeed, sales are expected to improve at the three-month horizon but prices are expected to remain flat. However, both measures are positive at the 12-month horizon."

 

Top Top | Back Back |

E-mail to a friend | Printable version

 

 


Copyright and Trade Mark Notice
© 2013 owned by or licensed to Scottish & Universal Newspapers Limited.
icDumfries™ is a trade mark of Scottish & Universal Newspapers Limited.
Please read our Terms and Conditions and Privacy Statement before using this site.
 

Jobs in Scotland: