The Daily Telegraph have reported that the outlook for the property market is the best in 14 years. The full article can be found here (http://www.telegraph.co.uk/finance/personalfinance/houseprices/10167211/Outlook-for-house-buying-is-brightest-in-14-years.html?fb) but I have edited the main points below:
June data from the Royal Institution of Chartered Surveyors, published today, is strongly positive across several measures, with a majority of Rics members reporting house price rises and increased buyer enquiries. But the most striking data concerned surveyors’ predictions of future activity. A net balance of 45pc of respondents, up from 36pc in May, said they expected sales to rise in the next three months. This was “the most positive reading in this series’ 14-year history”, Rics reported. A raft of house market statistics from various sources have shown marked improvement over the past year, but Rics’ Housing Market Survey – which is the oldest and regarded as one of the most authoritative –…