Housing market recovery

  • Posted

Posted 09/06/2009

Consumers and companies in the property sector have been advised to avoid getting too optimistic about the prospect of a housing market recovery.

This week, the Royal Institution of Chartered Surveyors (Rics) expressed optimism after many of its members reported an increase in new buyer enquiries.

However, FirstRung believes the organisation is being too hopeful and has warned that its expectations could be “sadly dashed”.

Paul Holmes, chief executive of the organisation, commented: “I still think there is a considerable correction to take.

“What we are witnessing now is a market that has deflated to the point that it is now flat.”

This, he stated, would continue to impact on average property values across the UK, which prompted him to say that the Rics study should not be seen as a sign of recovery.

Mr Holmes added that new buyer enquiries need to translate into actual sales before anyone can say the housing market is picking up.


    How can we help you?

    Please fill in the form and we’ll get back to you as soon as possible or to speak to one of our experts call
    0330 404 0749

    I accept that my data will be held for the purpose of my enquiry in accordance with Ashtons
    Privacy Policy

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    How can we help?

    If you have an enquiry or you would like to find out more about our services, why not contact us?