Home buyer enquiries rise but fail to translate into sales, RICS says
Homebuyers are returning to the market, but they are still unable to get mortgages – leaving sales at an all-time low, the Royal Institution of Chartered Surveyors announced today.
RICS said new buyer enquiries increased for the fourth consecutive month, with the strongest increases seen in London, Wales and the South West.
However, it added that the number of properties actually being sold by estate agents dropped to less than one a week, the lowest level in 30 years.
