New UK property listings bounce back as mortgage rates fall

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According to the survey, UK estate agents said that the low interest rates were increasing the sales program, the survey said that the largest growth of the property from the epidemic to the market.

The Royal Institution of the Chartered Surveyors said on Thursday that the index of its new sales instructions increased in January, and the ninth positive lesson and the highest level of September 2020.

The index tracks the difference between the proportion of the proportion of agents to increase the new residential list and those who report the decrease.

Agents have said that the number of property coming to the market for most of the three years is because increasing interest rates increase the mortgage and demand from buyers. However, Bank of England Since August 2021, the cost of adoption has been reduced by three times and is expected to reduce interest rates again this year, with mortgage approval and the larger property in the market.

Shawn Branen, director of the Estate Agency Branen and Partners, said “It was very strong for the new year.. The instructions are at a very high level”.

Earlier this month, the price of the house showed the individual data published by the NDER HALFAX Grew more than expected A new record high in January. The Bank of England said last month that mortgage approval increased in December and increased by 20 percent a year.

Although the number of instructions on the market is “encouraging”, John Frost, managing director of the Frost Partnership Estate Agency, said “buyers are very careful”.

The RICS index tracking agreed sales have been reduced in January, which has become a net balance of three compared to seven December.

With increasing list and weak sales, the survey highlighted a “noticeable” increase in the inventors of estate agents, on average 45 listing on average 45 list per branch, compared to 41 a year ago.

Stock layers are also significantly higher than the lower one of September 2022, which have identified the hardest supply since the start of RICS data tracking in 1978.

The vision for the sale of the house remains positive, the net balance of 10 percent of the estate agents expects to increase sales in the next three months and a net is expected to grow up to 30 percent in the next year.

Tarant Persons, head of the market analytics rickshaw, said the latest survey found that the buyer’s demand was “some speed” in January but the respondents imagined “some positively close-up views” for sales activities.