U.K. Housing market improved with more reports of increase in prices than fall. Royal Institute of Chartered Surveyors said Across Britain, the number of respondents saying prices dropped exceeded those reporting gains by 18.1 percentage points, the highest reading since September 2007, RICS said in its monthly survey released today in London. The balance for the capital became positive for the first time since October 2007.
The U.K. housing markets have started heading towards more positive outlook after the deepest recession in years. “There’s a lot more optimism,” Simon Rubinsohn, chief economist at RICS, said in a Bloomberg Television interview. “There has been a wholesale shift in sentiment.” This suggests that due to the consistent improvement in prices, the market seems to be going towards a mini-recovery.
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