Royal Institution of Chartered Surveyor?s RICS Reveal 10% sales increase

Royal Institution of Chartered Surveyor?s RICS
Reveal 10% sales increase
Reports from the surveyors indicate that the number of property sales per surveyor has increased by 10% between June and August.
The RICS survey published this week reveals sales have increased from 15.3 in June to a current level of 17. This is the highest level since May 2008.
There has also been an increase in the number of unsold housing stock on their books up from 60 to 63 on average. The good news continues RICS’ survey reveals that the ratio of average sales to the average stock of unsold property on the market increased again from 25 to 27 a good indicator that the market continues to improve.
The RICS report also showed Newly-agreed sales, measured on a net-balance basis, averaged 34, which shows a positive result for the sixth consecutive month, Newly-agreed sales are increasing in every region across England and Wales. The region to see the greatest increases is the West Midlands.