Market to end year on positive note

THE Yorkshire housing market should see a slightly stronger end to the year with transaction levels expected to pick up and price falls predicted to slow, says the latest RICS UK housing market survey.

Helped by the prospect of greater mortgage availability on the back of recent government initiatives, chartered surveyors’ expectations for future sales in the region reached their highest level since January.

Peter Bolton King, RICS Global residential director, says: “More needs to be done to get the market moving. Unrealistic expectations on the part of vendors seem to be stalling the transaction process. Meanwhile, although the funding for lending scheme appears to be improving mortgage availability.”