House prices rise as demand grows

14th August 2015

The latest RICS health check of the housing market shows that house prices rose for the sixth month in a row in July as demand climbed to its highest level in 18 months. The report found that the average number of properties for sale per surveyor dropped to a record low of 47 last month, with 9 out of 12 regions seeing a decline; the average per surveyor in London fell to its lowest since February 2014. A RICS spokesman said: “The lack of property for sale is causing a vicious cycle, as the limited choice on offer is deterring would-be movers and therefore restricting new instructions.”

Financial Times (13/08/2015)   The Wharf (13/08/2015)