RICS: House listings increase for first time in a year

The number of new homes being listed for sale has risen for the first time in a year, according to surveyors. The latest RICS (Royal Institution of Chartered Surveyors) residential market survey said an increase in listings has helped drive a “modest” rise in sales last month. A net balance of 8% of property professionals witnessed a rise in the volume of fresh listings. The new figures also showed a net balance of 9% of respondents reporting a rise in new buyer enquiries for the month. Experts at the trade body said it was the first time since the pandemic that supply of properties and demand from potential buyers had been so closely aligned. In March, a balance of 74% of respondents saw a rise in house prices, almost identical to the average seen over the past 12 months, with the steepest increases in Wales, Northern Ireland and the north of England. A net 54% of respondents said rents had also risen.  

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