Housing market fairly stable

The RICS January 2013 Housing Market Survey has shown that prices have remained fairly static whilst transactions have slightly increased.

Of these transactions the number of new buyer enquiries fell. As ever there is significant regional variation with London and the South East continuing to have record high price balances.

The headline national price balance fell slightly from -1 to -4, meaning 4% more surveyors recorded falling rather than rising prices over the last three months.

Newly agreed sales volumes continued to trend upwards in January, with the net balance recording its fourth consecutive positive reading.

RICS predict that sales and prices will both improve over the next year.

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