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.”