According to the Royal Institution of Chartered Surveyors (RICS), 2011 may just be the turning point in the U.K housing market. RICS spokesperson Jeremy Leaf and others in the know believe that springtime would usher in this relief or turnaround.
According to him, ‘although bad weather hit the housing market during December 2010, sales levels have remained stable. While lack of supply, and more importantly demand continues to impact heavily, surveyor sentiment does appear more positive for the coming months’
The West has maintained its leading position in the world thanks to the ability of statisticians and forecasters to use past and present situations to correctly analyze the future. Governments in this part of the world rely heavily on these forecasts to plan and design their policies.
The National Association of Estate Agents (NAEA) is the leading center for all Estate Agents in the UK and a recent publication of this body shows that 59% of agents polled agree that there are more tenants seeking rent in the first two weeks of 2011 than would normally have been seen before.
Of the 700 polled, about 26% said the level remains the same while a minute 14% say it is worse than before. Added to that, a huge 45% of NAEA members are also reporting an increase in the level of inquiries from potential property sellers.
These are important improvements over the last few years and indeed show strong confidence in the rebound of the housing market.
