Housing Market At Three Year High

Activity in the UK housing market has hit a three-year high, surveyors report, offering hopes of a revival that would help the economic recovery. Chartered surveyors handled an average of 17.4 home sales over the last three months, according to the latest monthly survey by industry body RICS (Rotal Institute Chartered Surveyors). That was the highest number reported since March 2010 and meant sales rates have been rising for three consecutive months which could be due to the improving affordability of mortgages. RICS said the survey pointed to house prices now having been relatively stable across the UK for the past six months.