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    Rics reveals property market recovery


    Rics reveals property market recoveryThe property market continues to shown signs of recovery, new research shows.

    In figures released by the Royal Institution of Chartered Surveyors (Rics) the balance of surveyors reporting a rise rather than a drop in property values over the course of September stood at 22 per cent.

    Not only does this represent an increase from the ten per cent recorded in August it is also the highest result recorded by the organisation since May 2007.

    Findings from the organisation also reveal a rise in house-purchasing activity with the average surveyor selling 18 properties over the last three months.

    However, those looking to attract would-be buyers to their home or are looking to increase its value may wish to consider carrying out DIY.

    "A lack of supply is still underpinning the rise in house prices with new instructions to estate agents only edging up very gradually," Rics spokesperson Ian Perry states.

    Meanwhile, recent figures from Nationwide revealed that house prices rose by an average of 3.7 per cent during the third quarter of 2009 to stand at £160,159.

    Posted by Barney MarshallADNFCR-2244-ID-19406163-ADNFCR

    N.B. The information contained in this story is provided by the supplier and does not necessarily reflect the views and opinions of lets-do-diy.com.


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