RICS reveals positive housing figures

The latest property figures released by the Royal Institute of Chartered Surveyors (RICS) show things are looking up for the UK housing market.

For the first time since May 2007, price expectations have risen and it is thought that this has been caused by increasing numbers of buyer enquiries.

Surveyor optimism has also been improved by the activity in the property market and falling levels of fresh supply are thought to be fuelling the situation.

Furthermore, as more people make enquiries about properties, the number of completed transactions is improving.

Jeremy Leaf, a spokesperson for RICS, explained that the lack of supply is providing a "platform" for modest price increases.

This means that "while supply remains tight, the market is likely to show tentative signs of recovery".

In related property news, fish4homes believes that many potential homeowners are still cautious about the market and so are acting now to avoid losing out in the future.