Investors whose property investment portfolios have fallen in value in the current financial situation could see an improvement as recent prices have risen according to the RICS housing market survey which was published this month.
6% more surveyors expect the house prices to increase during the next 3 months, compared to a negative reading in May. The increased optimism has been motivated by the increased number of buyer enquiries and drop in new supply.
The number of surveyors to report an increase in fresh enquiries rose in June with 67% reporting a rise rather than a fall.
It was also reported that the rebound in enquiries is now increasing in the number of transactions. Sales increased, be it from very low levels.
The average number of properties sold in the last 3 months increased from 11.7 to 12.7.