Property sales 'remain low'

Rics has released the new research The number of house sales taking place across the UK remains low, according to the latest figures.New figures have suggested that homeowners in the UK are continuing to choose to make changes to their existing house rather than get on the property ladder.

According to research by the Royal Institution of Chartered Surveyors (Rics), while the number of property enquiries and sales in Britain rose during April, the level of interest remains at a very low level.

Jeremy Leaf, spokesperson for Rics, said there are "tentative signs" the situation is improving, but added: "We are unlikely to see significant improvement while money remains in short supply and the employment picture is uncertain."

The findings could lead many people to consider home improvement work to boost the value of their properties during the current economic downturn.

Recent figures from HSBC claimed that the renovation projects that add the most value to homes include loft conversions, extensions and the construction of a conservatory. ADNFCR-2394-ID-19165246-ADNFCR

Article Added: 12/05/2009 15:37:33

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