Surveyors predict house prices to rise over next year

More than two thirds of surveyors have said they expect house prices to continue rising despite the anticipated interest rate increase according to the latest RICS survey.


The survey, conducted in October, also echoed recent announcements of high prices and low stock. More than 70% of members reported house price increases, up from 69% in September, with a sharp rise across all regions and countries.


Overall the volume of sales agreed over the course of the month also saw a small dip, following on from the previous month. Although, looking ahead for the next 12 months, the North of England, London, Scotland and Northern Ireland all have an improved outlook, with a rise in transactions predicted.


With that said, demand is increasing and sales expectations are looking positive, with a hope of stabilising going forward.


Speaking with Property Industry Eye, Jeremy Leaf, north London estate agent and a former RICS residential chairman, said: “The monthly RICS housing survey is invariably a reliable indicator of market trends. This latest report is no exception and confirms what we are seeing on the ground – more resilience than expected after so many brought forward purchases in the summer taking advantage of the stamp duty holiday in particular.


“However, transaction numbers have reduced and prices have softened a little since as the frenzy of the last few months has been replaced by calmer conditions as supply and demand become more closely aligned.”


As the property market is predicted to pick up over the next 12 months, you may find your business inundated with work and require additional help to maintain your workflow. If you do not currently use an outsource transcription service then our team can help to keep on top of all your incoming business, allowing your team to focus on the task at hand.


Find out more about our transcription services by visiting our pricing page or call us on 020 7096 1663 to speak to us about our transcription and audio typing service.

Here when you need us – on standby when you don’t

Sign up or start a FREE Trial
Copyright © BackupTyping 2021. All rights reserved.  BackupTyping Limited is fully GDPR compliant. Registered in England No.0682075
Registered Office: 424 Margate Road, Ramsgate, Kent, CT12 6SJ