Whereas the building society reports are strictly concerned with statistics, our survey takes into account observations submitted by chartered surveyors throughout England and Wales. These explain apparent contradictions in the market place.
For example, while 13 per cent of our members in the North report a decrease in property prices, both country houses and cottages are selling for more than expected, the reason being that second homes are in demand in the Lake District.
Alternatively, the farming industry may be in the doldrums but that hasn't stopped almost 70 per cent of surveyors recording a price rise in the South-west.
By their very nature surveys complement raw data, bringing the mood of the market into sharper focus and identifying future trends.
The Royal Institute of Chartered Surveyors
London SW1Reuse content