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Homebuyer numbers hit four-year high

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The number of new buyers entering the UK housing market grew at its fastest level in four years in July.
Homebuyer numbers hit four-year high

According to he Royal Institute of Chartered Surveyors (RICS), buyers have returned to the market in force since the start of the summer, with the West Midlands and North East experiencing the biggest rises in buyer activity.

RICs reported that house prices increased in every simngly region of the UK, according to its members.

The organisation said that government schemes such as Help to Buy had enticed buyers back into the market and that confidence had spread from London and the South East to the whole country in recent months.

More than half (53%) of surveyors predict sales will continue to grow in the next three months while a while a third believe that will be matched by continuing house price growth.

RICS global residential director Peter Bolton King said:

“These results are great news for the property market as it looks like at long last a recovery could be around the corner.

“Growth in buyer numbers and prices have been happening in some parts of the country since the beginning of the year but this is the first time that everywhere has experienced some improvement. It is clearly good news that those parts of the property market that were struggling are at last showing some signs of life.”

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