Surveyors Report Price Rise

More news about the UK property market from Dibben and Dibben as more surveyors said UK house prices were rising in the three months to September than those reporting falling property values. The proportion turned positive for the first time for two years, the Royal Institution of Chartered Surveyors' (Rics) survey found. The change was driven by price rises in the South East of England and shortages of homes for sale. The government's own figures showed a 1.4% rise in prices from June to July.

The National Association of Estate Agents (NAEA) said that first-time buyers had returned to the market, followed by home movers. Families wishing to upgrade or young couples needing a bigger house to raise a family were active in the market again, according to NAEA president Gary Smith.

Sales were highest per surveyor in the East Midlands and West Midlands, with the lowest number of sales per surveyor reported in London.

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