UK house prices 'susceptible to volatility'

Posted: 13 May 2010 10:43:01 GMT

The housing market remains fragile with property prices susceptible to volatility, one expert has suggested.

Andrew Styles, senior consultant at Ducalian, says: "The UK residential market is still a volatile one. Property sales currently change on a monthly basis and have recently been centred on the lack of available housing stock."

He states that while it was expected that the housing sector would make a full recovery from its low point in 2009, the revival is still in its infancy.

Mr Styles' comments come in response to new figures from the National Association of Estate Agents, which should that the property sector experienced a boost in April following the announcement of the Budget, with increased levels of buying and selling.

Meanwhile, according to the Royal Institution of Chartered Surveyors, 17 per cent more chartered surveyors reported a rise rather than a fall in house prices during April, in comparison to nine per cent in March.

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