UK house buyers interest rises

According to the Royal institution of Chartered Surveyors (Rics) the number of potential new house buyers placing enquires increased during the month of March. UK house buyers interest risesThe survey revealed that compared with February 9% more surveyors reported an increase in interest.

This was credited to the warmer weather and buyers looking to purchase ahead of the stamp duty holiday end date.

Despite this news house prices around the country (except London) continued to fall although some were considered “modest” according to Rics.

Over to Europe and Greece’s economic worries continue to dominate headlines with latest industrial output data falling again according to figures released yesterday.

Coupled with weak output, unemployment data due out on Thursday is expected to indicate another rise adding to the fears over Greece’s ability to recover.

Furthermore Portugal was forced to go cap in hand to the European Central Bank (ECB) borrowing over €56 billion last month.

Despite borrowing costs falling during March from a high of over 14% to just over 11%, these gains have now been given back based on this news and the yield on 10 year debt currently sits at 12.2%.

As we look ahead to this four day week due to the UK bank holiday, we are light on headline data.

However key events are the ECB monthly report and UK trade balance figures on Thursday morning.

And to end the week on Friday we will get inflation reports from Germany and the US where we expect to see YoY figures of 2.3% and 2.7% respectively.

Leave a Reply