Lack of properties pushing prices up

14th February 2014

The Royal Institution of Chartered Surveyors has said that the number of homes for sale has fallen to its lowest level since July 2012, despite the number of potential buyers continuing to rise.

Rics' latest report says that prices continued to rise in every part of the country and that there had been continuing growth in house prices across the country for nearly a year. Some surveyors believe that more houses will come on to the market soon. Peter Bolton King, the global residential director of Rics, said: "Some of our members have told us that, as the daffodils come out, more vendors could be looking to test the market as the traditional spring bounce begins to take effect. This can only be good news for a market that has seen supply struggle for a long, long time”.

Source:   The Times (13/02/14)