A survey done by the Royal Institution of Chartered Surveyors (RICS) indicates that the mood is fairly upbeat between its members with regards to property sales.

New buyers have increased in percentage for the sixth consecutive month particularly strongest in East Anglia, London and North West of England.

One of the factors in new buyers coming into the market is the reduction in property prices. This is expected to continue until the bottom is reached.

The numbers may be a little lower than they were at this stage last year, but they're going in the right direction. Compared to last year, there has been a 41% decrease in new property purchases. This has been eclipsed by the fact that it was even worse in December and is now recovering at a good pace.

The way it's been going so far with the new buyers entering the market it seems it won't be long before prices tart to stabilize again. This should come as good news for the whole property market as it's been really long since buyers started getting optimistic.

It's really a buyer's market at the moment. To really profit from it you have to have to purchase the right property at the right location. Call us at Clear property Investment and we'll help you make the right choice and make your But to let experience worthwhile.

View other news from May 2009