Tuesday, October 13, 2009

RICS – Biggest increase since May 2007

Lack of sellers ups house prices

The proportion of estate agents reporting house price rises exceeded those reporting falls by 22%, the highest in RICS survey since May 2007. "A lack of supply is still underpinning the rise in house prices with new instructions to estate agents only edging up very gradually," said Rics spokesman Ian Perry. This imbalance between demand and supply suggests that house prices will move higher in the near term."

Posted by little professor @ 03:11 AM (894 views)
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One thought on “RICS – Biggest increase since May 2007

  • The Land registry says that prices have dropped, but who cares about the pesky numbers, ask the people selling the houses what they think instead.

    (this kind of propaganda would make the People’s Daily blush I reckon)

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