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As on Jul 09, 2020 12:00 AM Your results on : Currency News    
Economic Buzz: UK Housing Market Show Signs Of Recovery
09-Jul-2020 (16:42)
The UK housing market witnessed signs of a recovery as buyer demand, sales and fresh listing improved following the lockdown related falls, according to the residential market survey results published by the Royal Institution of Chartered Surveyors. A net balance of 61% of survey respondents reported a rise in buyer enquiries in June, which was a strong rebound from -94% registered in May, data showed Thursday. The new instructions being listed onto the sales market rose firmly with the net balance reaching 42% compared to -22% in May. The survey's gauge of newly agreed sales moved into positive territory for the first time since February. A net balance of +43% of contributors indicated an increase in transactions in June. The house price balance rose to -15% from -32% in May. The house prices continue to remain under some pressure though. The house price balance remained negative for the third successive month.

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