House sales still improving in North Lincolnshire and across UK
THE number of housing transactions continues to grow across the UK, according to the latest Royal Institution of Chartered Surveyors (RICS) housing market survey.
And with North Lincolnshire likely to be feeling the effects, transactions have now improved for four consecutive months.
Looking ahead, chartered surveyors are optimistic that the price stability seen in recent months will persist over the coming three months and, more significantly, they anticipate prices beginning to move a little higher as the year wears on.
Peter Bolton King, RICS global residentual director, said: "Price falls across the UK have gradually stemmed in recent months and it is interesting to see that the amount of completed transactions are on the rise, as confidence returns to the marketplace. While it is still very early days to talk about a comprehensive market recovery, activity levels are still encouraging and there is some optimism out there that things could continue to improve.
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"That said, in many parts of the UK – such as London and the South East – high house prices and the lofty deposits required by many lenders continue to prevent many first time buyers from getting a foot on the ladder, which is preventing any significant movement at the lower end of the market."