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Sales rise to continue

By Exeter Express and Echo  |  Posted: January 24, 2013

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HOUSE sales across the South West are set to continue to rise, say chartered surveyors who are expecting a "positive" first quarter in 2013.

In December, 37 per cent of surveyors in the region predicted transactions would rise, rather than fall, over the next quarter, indicating a growing confidence that the market is over the very worst of its slump.

The statistics in the latest Royal Institute of Chartered Surveyors housing market survey predicts house prices will rise by two percent during 2013; and a significant increase in the number of homes coming up up for sale last month.

During December, 50 per cent more surveyors reported an increase in new buyer enquiries, says the survey.

RICS residential spokesman for the South West, Roger Punch of estate agents Stags, said: "The latest survey gives some confidence for the New Year's market but it relies on vendors being prepared to be realistic with price.

"The trend in the early part of any year is for sellers and agents to pitch prices a little high with the view that they can always come down, but this report implies that this normal tactic could hold back a potentially improving market."

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