House sales in Scunthorpe look to increase in coming months
HOUSE sales in Scunthorpe look set to increase in the next three months, according to the latest housing market survey.
Last month, 26 percent more surveyors in the East Midlands predicted transactions to rise rather than fall over the next quarter.
In tandem with this, house prices held steady during December and surveyors reported a fall in prices to a much smaller degree than in previous months.
In line with this, surveyors in the East Midlands had a positive view of the price outlook between now and March. Two percent more respondents predicted a rise rather than a fall in prices over the following three months – the first positive price expectation since February 2010.
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Jonathan O'Shea, East Midlands residential spokesman for the Royal Institution of Chartered Surveyors (RICS), said: "We too have seen a marked upturn in applicant and viewer activity.
"In 2010, the last time things picked up this early, we had a good year. Confidence does seem to be improving which might have been helped by the impact of the Funding for Lending Scheme.
"This being said, first time buyers are still struggling to access the market and there is a clear need for more homes to be built."