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Creation Date: Thu, 16 Apr 2009 GMT

UK Key indicators show signs of improvement

UK Housing SignKey indicators show signs of improvement

RICS UK Housing Market Survey
Buyer enthusiasm continued to grow in March, with interest in London at a high not seen for nearly 10 years, while the key sales-to-stocks ratio rose for the fourth consecutive month.

Interest in the market increased for the fifth consecutive month. 31 percent more chartered surveyors reported a rise than a fall in new buyer enquiries - up from 21 percent in February. Interest is strong in every region, with London - at levels not seen since June 1999 - and Wales leading the way. The rise in interest reflects a drop in asking prices, continued interest rate cuts and a recent rise in mortgage approvals. As house prices fall, those with finance are now looking to do more than window-shop.