Monday, December 23, 2024

Estate agents more optimistic as interest rate cut lifts the mood

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Estate agents are more optimistic about the housing market than at any time since before the pandemic.

The majority of agents expect to sell more houses over the next three months than they are currently, according to the latest poll from the Royal Institution of Chartered Surveyors.

In total, a net 30 per cent of those polled expected sales to rise over the summer and into autumn. That was up from a net 22 per cent in July and marks the most optimistic reading for near-term sales that the RICS has recorded since January 2020.

“The new government’s focus on boosting housing development, alongside the recent quarter point base rate cut, does appear to have shifted the mood music in the sales market, with

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