More surveyors see house prices rise

House prices showed more signs of rising in September than in August, a member’s survey by the Royal Institution of Chartered Surveyors (Rics) has revealed.

The Rics data for last month indicated that 22 per cent more surveyors saw a rise in values than a fall, compared with ten per cent in August.

It was the most positive balance since May 2007 and adds to suggestions that the property market is recovering.

If continued, it may suggest that those with the right mortgage could enjoy substantial equity growth in the future.

Another positive factor was that 36 per cent more surveyors saw a rise in the number of new house buying queries than a dip.

Most recent property price surveys have indicated a jump in prices.

The most recent of these was the Department of Communities and Local Government survey for August, which revealed a 0.5 per cent increase in the month and a quarterly jump of 2.6 per cent.

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