The BBC news channel reported this week on the fact that it looks like the house prices in the UK may be stabilising. They state that this is a result of of rising interest from buyers and a falling number of sellers.
According to figures that they quote, enquires by people looking to buy property have increased for the seventh month in a row. Also, they claim, it is at the fastest rate since 1999. Coupled with this, there have been fewer people putting their properties on the market over the past two years.
“On the face of it, the housing market does appear to be close to bottoming out with activity picking up in a material way and prices at last stabilising,” said Rics’ ( a company that runs surveys to test consumer confidence in the housing market) spokesman Ian Perry.
This does sound encouraging and there does seem to be more of this type of sentiment around recently than at any other time in the last year or so. Still the optimism does come with a warning. Mr Perry also stressed that the recovery of the housing market was bound to be contained by the difficult state of the economy.
All of the good news we are hearing seems to be tempered with a degree of realism but there is certainly more optimism around.
Things are definitely looking up!
