Surveys demand as house prices rise
We’re still seeing strong demand for surveys from housebuyers as the property market stays steady.
New figures out today show prices rising by 0.7 per cent in May, according to the Nationwide.
That compares with a 1.2 per cent increase in April and a 11.1 per cent increase on last year.
Nationwide says that the average property price nationwide is now £186,512.
The building society also said that demand from first-time buyers was ‘playing an increasingly important role in the housing market’.
In February, we reported that we were carrying out 40 per cent more survey reports compared with last year .
That trend is continuing as clients are still contacting our expert and experienced team about carrying out surveys on properties.
Ian Lee, one of our directors and a former chairman Portsmouth Property Association (PPA), has outlined the benefits using local chartered surveyors, such as ourselves.
“It is still crucial that buyers have an independent survey carried out before proceeding with a purchase.
“It could save a great deal of money in the long run if a problem is identified at an early stage before a sale goes through.
“I would urge people to use a reputable and experienced local surveyor who will be aware of any local issues and represent good value for money.”
Don’t forget we provide an extensive range of specialist services as well as surveys, including our own inhouse structural engineer, architecture, design and project management.
You can always email [email protected] or call 02392 697193 to speak to one our friendly and expert staff for a no-obligation discussion about any of your needs.
We’re still seeing strong demand for surveys from housebuyers as the property market stays steady. New figures out today show…