Rics: House viewings pick up due to warm weather
The Royal Institution of Chartered Surveyors (Rics) has today reported a pick up in the number of house viewings in April, as a result of the warm weather.
This time of year is traditionally busy for the housing market but securing a mortgage remains difficult for many potential buyers – particularly first-time buyers.
Furthermore, the economic uncertainty means the housing market is expected to remain subdued for sometime.
Meanwhile, the Rics said the number of estate agents and surveyors saying prices fell outnumbered those seeing gains by 21 percentage points – the highest since July 2010.
Furthermore, sales per agent rose to 15.2 in April – the highest since December 2010.
Commenting on the survey, Michael Newey of the Rics said: “The return of sellers to the market is positive, but activity still remains subdued and it is difficult to see it picking up materially over the coming months.”
In other news today, the British Retail Consortium (BRC) said the long bank holiday weekends and sunny weather led to a surge in retail sales for the month of April.
According to the BRC, retail sales grew 5.2% last month and followed a 3.5% fall in March.