UK Housing Market Sees Rise in Buyer Demand

The UK housing market has been enjoying a positive trend in buyer demand and new listings, a residential survey has revealed. An upward trend in new buyer enquiries stayed positive for the second successive month, despite predictions that further easing of mortgage rates is likely to stall. The Royal Institution of Chartered Surveyors (RICS) reported a net balance of six percent of professionals recording a rise in buyer demand. Its February market survey showed a recovered buyer interest across all regions in the UK. In February, the Bank of England (BoE) held the interest rates at 5.25 percent. BoE governor Andrew Bailey said more evidence of inflation easing was necessary before interest rates could be lowered further....