MAB comments on the RICS residential market survey for June 2013

Brian Murphy, head of lending at Mortgage Advice Bureau (MAB), comments on the RICS Residential Market Survey for June 2013:

“With buyer demand having risen every month since January, activity in the property market continues to heat up and we are now experiencing a genuine heatwave rather than simply a hot flush.

“A new home may not be the quickest item to tick off your summer shopping list, but with rock-bottom rates available from many lenders, there is no time to let holiday plans distract from a potential move up the property ladder.

“Rising prices could be a sting in the tail for anyone with limited funds to put down as a deposit, but credit conditions have improved and the outlook is bright for the second half of the year. It will encourage everyone with half an eye on a property purchase to see that surveyors are more optimistic about increased sales than they have been since April 1999.”