There are signs of increased buyer interest in the still depressed housing market. But this is yet to translate into a house price ‘bounce’.
The latest optimistic signs come from the Royal Institution of Chartered Surveyors (RICS). There was a 16% increase in new buyer enquiries in January compared to December, reports RICS. It says that with house prices and interest rates now much lower, those with cash and access to finance are looking for cheap purchasing opportunities.
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