Property market 'showing signs of recovery'

Property Market - lets-do-diy.comThe property market appears to be recovering, the Royal Institution of Chartered Surveyors reveals.

In the latest figures from the firm, six per cent more surveyors stated that they predict house prices to rise - rather than fall - over the next three months, the first positive balance recorded since May 2007.

Meanwhile, 67 per cent of professionals questioned claim there had been an increase - as opposed to a decline - in new buyer enquiries.

Homeowners looking to make their property more attractive to would-be buyers and ultimately boost its value may wish to consider carrying out home improvements.

"Although the market is showing signs of improvement, it is unlikely that there will be a sustained upturn while mortgage lenders remain risk averse," Jeremy Leaf, spokesperson for Rics, points out.

As challenges in the housing markets continue, those Britons keen on boosting the value of their property could be interested in recent Halifax research indicating that redecorating can add more than £2,200 on to the average house price.

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