Housing market ‘picked up’ in April

Last month saw the housing sector pick up slightly, according to a new report, something that may be welcomed by those seeking mortgages.

Data from the Royal Institution of Chartered Surveyors (Rics) has revealed that new enquiries from potential buyers increased for the sixth month in a row.

The body stated that two-fifths (41 per cent) more of its members saw a rise in buyer enquiries in April, taking the figure to the highest level seen for nearly a decade.

And the average amount of properties sold by each surveyor rose from 9.7 to 10.6 over the past three months.

Jeremy Leaf, a spokesperson for Rics, said that there are “tentative signs” of increased activity in the sector.

But he warned: “We are unlikely to see significant improvement while money remains in short supply and the employment picture is uncertain.”

Meanwhile, Nici Audhlam-Gardiner, director of mortgages for Alliance & Leicester, has urged people to take out fixed-rate home loans while prices remain low.

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