RTTNews - An index measuring the average house price in the United Kingdom improved to -8.1 in July, the Royal Institution of Chartered Surveyors said on Tuesday, up from -17.6 in June and marking the highest score since August 2007.

The ratio of sales to the stock of property remaining on the market climbed for a seventh straight month from 23 in June to 25 in July, the highest level since February 2008.

On a regional basis, surveyors in London and the south are more optimistic while the weakest price balances remain in Yorkshire and Humberside.

The latest survey provides more evidence that activity in the housing market is picking up, albeit from historic lows, RICS said in a statement. New buyer enquiries have now increased for nine consecutive months.

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