De­cem­ber sales out­pace rentals

Yorkshire Post - Property - - PROPERTY -

MORE homes were sold in York­shire last month than since May 2008, ac­cord­ing to the lat­est RICS Res­i­den­tial Mar­ket Sur­vey.

Through­out De­cem­ber, the Royal In­sti­tu­tion of Char­tered Sur­vey­ors found the av­er­age num­ber of trans­ac­tions per sur­veyor reached 23, well over dou­ble the rate of sales at the low­est point of the down­turn back in Jan­uary 2009, when re­spon­dents were sell­ing just 10 prop­er­ties each dur­ing the same pe­riod.

The sur­vey re­veals that de­mand for rented ac­com­mo­da­tion has be­gun to slow sig­nif­i­cantly and re­ports that the num­ber of homes com­ing onto the mar­ket is “still nowhere near enough to meet the higher level of de­mand, caus­ing prices to rise”.

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