The Royal Institute of Chartered Surveyors said today that the house-price gauge in the U.K. for April rose to the highest in nine months on stabilizing conditions.

RICS said the index for agents saying prices fell exceeded those reporting gains by 21% which is better than March's -23%. The measure of new buyers inquires improved strongly to ZERO rising for the first time in 10 months from negative territories.

Sales per agent over three-month basis advanced to 15.2 the highest since December, while the gauge for the outlook for prices rose to -18 from -23, though the number of homes on the market rose with 18% reporting an increase over decline in new construction opposed to 4.0% the previous month.