Real Estate
UK Housing Market Achieves ‘Soft Landing’ as Prices Stabilize
- RICS survey sees three-year high for properties on sale
- New buyer inquiries positive for a second consecutive month
This article is for subscribers only.
Britain’s housing market has achieved a “soft landing” after as dip in prices last year, with a pickup in buyer confidence in February, according to one of the most forward-looking surveys tracking sentiment.
Simon Rubinsohn, chief economist of the Royal Institution of Chartered Surveyors, said a decline in mortgage interest rates has brought people back to the market and that a survey of agents indicates growing optimism about sales and prices.