House prices have risen for the third consecutive month, reports the latest housing market survey from the Royal Institution of Chartered Surveyors (RICS).
9% more chartered surveyor estate agents confirmed a rise in prices than a fall for the three months to January, compared to 8% in December. Buyer enquiries have increased for the eighth consecutive month, the longest continual increase since the survey began. Completed sales are up by 15% compared to this time last year.
This heightened activity is driving price rises, though there are no signs that the market is returning to the boom conditions between 1997 and 2002.
