By Marcus Leach
A new survey released by the Royal Institute of Chartered Surveyors (Rics) has revealed that interest in the UK housing market edged up in March.
The Rics survey showed that during March 9% more surveyors reported a rise in inquiries from potential buyers than those reporting a fall.
Both the looming deadline for stamp duty ending and the warmer weather were factors in the increase, although it wasn’t all good news, with prices in every region barring London dropping.
Despite a fall in prices MArch’s figures were the least negative since June 2010, with the average drop in price not exceeding 2%.
“There has been a gentle increase in activity across the market in the early part of the year but it remains to be seen whether this can continue, given the changes in the Budget and ongoing problems affecting the economy,” said Rics’ chief economist Simon Rubinsohn.
“London continues to outperform the rest of the UK in terms of prices but, interestingly, the North West did see an increase in activity in March.”
Join us on