13 Dec

Demand for property increases in November

Demand for property increases in November

The market for property in the UK showed an increase in activity in November as the demand for houses increased.

According to the latest figures from the Royal Institute of Chartered Surveyors (Rics), seven per cent more surveyors reported an increase in demand than those who reported a decrease during the month.

This positive move was the third consecutive month where the demand for properties increased. The last time the market saw three consecutive positive months was in the Spring of 2010.

An increase in the demand is good news for those with property for sale in London who want to shift their house and have struggled in the poor marketplace.

Rics housing spokesperson, Alan Collett, said: "It is encouraging that buyer interest has edged upwards in the face of the endless diet of negative news from Europe and the turmoil in financial markets."

In November Rics reported that activity in the market had increased by eight per cent in October.ADNFCR-1222-ID-801238242-ADNFCR

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