Newspaper article The Journal (Newcastle, England)

House Sales Grow for Fourth Month Running

Newspaper article The Journal (Newcastle, England)

House Sales Grow for Fourth Month Running

Article excerpt

THE number of house sales has grown for the fourth month running in the North East, says the latest Rics housing market survey.

During January, chartered surveyors across the region reported a further increase in the number of newlyagreed sales with a net balance of 57% more stating that levels rose.

Despite this, prices continued to dip during the first month of the year with nearly a third more North East respondents saying prices fell.

Demand from would-be purchasers has held firm since the start of the new year, with a net balance of 1% of surveyors suggesting that new buyer inquiries grew during January. This was also accompanied by a slight boost in the number of homes coming up for sale in the region.

Elsewhere in the UK, prices remained in positive territory in London and the South East while also moving into positive territory in Wales for the first time since the early part of 2010.

Looking ahead, North East chartered surveyors are pessimistic over future prices with falls expected over the coming three months. …

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