Demand is still flat

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DEMAND for housing in the south east stabilised during February, the latest RICS UK housing market survey has shown.

It found that overall demand for residential property reached stable levels as the net balance for new buyer enquiries reached nil.

It is an improvement on January’s figure of -19 and is the highest reading since February last year.

But house prices in the region stayed negative, with 16 per cent more respondents reporting a fall.

Surveyor David Nesbit, of DM Nesbit & Company, Portsmouth, said: ‘It’s been a difficult month with growing purchaser uncertainties. Whilst property auction enquiries are strong, private treaty sales are quiet.’