1
Jun
House price figures 'in line' with RICS' findings
Nationwide Building Society's recent housing industry survey is in
line with the Royal Institution of Chartered Surveyors' (RICS)
sales-to-stock ratio findings.
The chartered surveyor group was positive about the building
society figures and said its own research is "historically a good
lead indicator of turning points in house price inflation".
Nationwide's study said that there was a 1.2 per cent rise in the
average value of property in May. It also indicated that the
average price stood at £154,016 up from April's figure of
£151,861.
It comes after the National Association of Estate Agents suggested
last month that the average agent in the UK sold more homes in
April than in March.
This increase - from eight to ten - was said to be further evidence
that confidence is returning to the property market, and a
significant rise on the average estate agent's sales rate from the
end of 2008.
