A research produced by
The September 2015 RICS Residential Market Survey results indicate sales growth gathered a significant amount of momentum over the month, as strengthening demand finally appears to have filtered through into a greater pick up in activity. Nonetheless, the lack of new sales instructions and limited stock on the market are still seen as substantial restraints, and may dampen transaction growth going forward.
At the headline level, agreed sales picked up notably with the latest data suggesting transactions rose at the quickest pace since May 2014. Furthermore, the series has now been in
positive territory for five consecutive months, albeit previous readings had only signalled a marginal rate of increase. When disaggregated from the headline level, the North, East Anglia
and Scotland posted the sharpest rise, while the East Midlands was the only region to see sales drop back materially during September. Looking ahead, transactions are anticipated to rise at a robust pace across all areas of the UK over the next twelve months.
Source : RICS