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  1. ITV Report

Region's home buyer demand on rise

There has been a "significant turnaround" in buyer interest since June. Photo: ITV West Country

Home buyer confidence is gradually returning across the South West after a dip during the EU referendum campaign.

That's according to the latest survey by the Royal Institution of Chartered Surveyors, who say they've seen an increase in enquiries about buying homes.

Credit: ITV West Country

A shortage of available properties on the market is expected to push prices up across the region as that demand increases - but sales are expected to rise over the next three months.

The market does now appear to be settling down following the significant headwinds encountered through the spring and summer.

– Simon Rubinsohn, chief economist at Rics

House prices are predicted to rise further over the next three months nationally, with a balance of 14% of surveyors expecting to see an increase rather than a decrease.

This is the strongest expectation that house prices are set to increase in the near term since March