Sales rise as prices drop
The number of houses sold in Yorkshire and the Humber has reached its highest level since June last year.
Chartered surveyors in the region sold an average of 19 homes in the three months to February, says the latest housing market survey by the Royal Institution of Chartered Surveyors.
During February, the increasing market stability seen in recent months translated into an uplift in sales, and surveyors in the region are cautiously optimistic that this trend will stabilise, if not rise, over the coming three months.
Chartered surveyors continued to report price drops as a net balance of 28 per cent more respondents claimed that prices had dipped.
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Chartered surveyors in the region expect prices to continue to fall over the coming three months.
Peter Bolton King, RICS global residential director, saidd: "It's encouraging to see the housing market now appears to be picking up across Yorkshire & Humber, despite on-going concerns about the health of the economy."