Some sellers 'eager to put their houses on the market'

Date:Tuesday 13th April 2010
Author: Susanna Kavka

The Royal Institution of Chartered Surveyors (Rics) has reported that the UK experienced the highest level of vendor activity for nearly three years in March, according to its housing market survey.

Overall, the report found that a net balance of 21 per cent of surveyors enjoyed a rise in new instructions and the industry body expects transactions in the housing market to continue to increase over the next few months.

Ian Perry, a spokesperson for Rics, highlighted how the forthcoming general election is having an effect on people's attitudes to selling their house, with stocks growing and sale prices decreasing in some areas.

"With ... uncertainty growing over the political direction of the country, many vendors who were previously inclined to sit on the sidelines now appear eager to put their properties on the market," he added.

The same organisation reported earlier this month that a lack of supply in the arts and antiques market is pushing prices up.