RE: U.K RICS Residential Survey11 Jul 2019 11:50
Barratt Developments, up 3.5%, Taylor Wimpey, up 1.7%, Persimmon, up 1.3%, Berkeley Group, up 1.2%. Shares in the housebuilders were higher following the latest results from the Royal Institution of Chartered Surveyors UK Residential Market Survey. Appetite for buying a home has picked up for the first time in nearly three years, surveyors have reported. An overall net balance of 10% more surveyors saw an increase rather than a decrease in interest from new buyers in June, according to RICS. There are also signs of a more stable trend in the supply of homes coming on the market, RICS said. For the first time in a year, surveyors are seeing positive growth in properties being listed for sale. "Investors raced to snap up shares in housebuilders after the latest RICS survey showed some signs of recovery in the housing market. Although it is too early to call a bounce-back in the property market based on one set of data, the news does offer a glimmer of hope for investors in housebuilding stocks," AJ Bell's Russ Mould said.