The number of people looking to buy property is at the highest level in a decade, reports The Telegraph. The research also indicated that the property market prices rose for the third successive month.
According to the latest property market survey from the Royal Institution of Chartered Surveyors, new buyer enquiries have risen at the fastest rate since August 1999. The survey also suggested that the rebound in enquiries is feeding through into increased sales, with the number of properties selling over three months, edging up from 10.6 in April to 11.8 in May.
RICS member based in Durham City, Keith Johnson said: “While the market is still somewhat erratic and very price sensitive there are good signs of recovery.”
RICS member Richard Sayer, based in Northumberland said: “This is an excellent market for many buyers and sellers to be testing their options.”
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