RICS reports further rise in buyer enquiries and sales

Jun 10 2009 by Henryk Zientek, Huddersfield Daily Examiner

“House prices have fallen significantly in the last couple of years and many sellers are now coming to terms with this and offering their houses at more competitive prices.

“Those that are adopting a changing price policy are finding that they are gaining interest and offers. Those that fail to embrace the changing situation are left frustrated and unsold.”

Mr White said: “I feel that we are starting to find the bottom of the market, but there is a real need to be realistic if you want to sell in the present climate.

“It is also certain that many ‘accidental’ tenants want to buy, but similarly there are many ‘accidental’ landlords who need to sell.

“So future supply and demand may be fairly equal. A level housing market is one to be welcomed, as we have all seen the benefits and disadvantages of the boom and bust of recent years.”

RICS regional housing spokesman Jim Spencer said: “On the face of it, the housing market appears to be close to bottoming out with activity picking up in a material way and prices at last stabilising.