BUYER interest grew across Yorkshire and Humber last month, says the latest RICS housing market survey.
Enquiries from would-be buyers saw a rise in the region during November and have remained in positive territory for two consecutive months.
Meanwhile, the number of homes coming up for sale remained fairly flat during November.
The RICS said the sector was now hoping that the government’s recent announcement of funding to free up land for development in England will have the desired impact and increase availability.
Yorkshire chartered surveyors reported a modest fall in house prices – with a net balance of 29% more RICS members seeing falling prices during November.
Across the UK, London was again the only part of the country to see prices increase, with surveyors in the capital reporting a net balance of plus 40%.
Northern Ireland and Wales experienced the most significant drops with respondents in those areas reporting net balances of minus 49% and minus 36% respectively.
Yorkshire’s chartered surveyors said they were optimistic that activity levels should hold firm – with 4% more respondents expecting sales to increase rather than decrease over the coming three months.
RICS regional residential spokesperson Bruce Collinson said: “There is certainly some optimism creeping back into the housing market and it is encouraging to see an increase in enquiries from potential buyers, which will hopefully result in sales increasing next year.
“That said; there is still a way to go until we see significant improvement in the housing market, and the barriers to home ownership are still very much a problem for the likes of first time buyers.
“We have had encouraging sales results during the last quarter of the year, but there’s a slight shortage of saleable stock and a strong sense that if there was more supply of better quality and priced property, we could sell more.”