lundi 16 novembre 2009

Rising property prices and stocks in November

The British housing market shows signs of relaxation according to the study published by the RICS, an international organization of real estate professionals. Thus, house prices in London continue to rise as the note 95% of professional members of the organization, this threshold is the highest since December 1996. The number of professionals reporting a rise in house prices rose 14%, reaching the highest level since December 2006, and that "despite an increase in the number of new mandates received by the officers."

The study also shows that sellers are beginning to return to the market: "10% more Chartered Surveyors (members professional editor's note) are part of the increase in new orders in October compared to September. This concerns all regions for the first time since the "credit crunch" with the North, South West London and leading the movement. The number of transactions also continues to grow and professionals reported an average of nearly 19 sales per agent over the last three months. However, the ratio of sales to stocks continue to progress past 10 consecutive months, while progression of improvement in the interest of buyers has slowed for the 4th consecutive month.

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