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House sales held firm during August

House sales held firm during August

Category: Mortgages

Updated: 11/09/2012
First Published: 11/09/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Sales of homes remained steady during August, despite much of the nation being distracted by the Olympics.

New research from the Royal Institution of Chartered Surveyors (RICS) has revealed that an average of 7.5% of properties on chartered surveyors' books were sold last month, remaining consistent with previous months.

Activity from potential house buyers slumped slightly during August, with less people viewing homes. According to the figures, around 9% more surveyors reported a fall in demand for viewings compared with 4% more in July.

The summer months are typically a popular time for house-hunters, although it is thought that the Games and disappointing weather are behind the dip.

Continued uncertainty in the UK and eurozone's economy are also believed to be deterring many people from moving home at present.

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