9
Mar
UK property supply 'on the rise'
The supply of houses, potentially including apartments for sale in London, is rising.
This is according to the Royal Institution of Chartered Surveyors
(RICS), which suggested that new instructions rose last
month.
For the second month in a row, the number of homes coming on to the
market outpaced the number of new buyer enquiries, the organisation
revealed.
In addition, 17 per cent more chartered surveyors reported a rise
than a fall in house prices.
The majority of regions across the country experienced increases in
the value of their residences over the 28-day period, RICS
said.
Responding to the figures, spokesman for the organisation Jeremy
Leaf stated: "Most market indicators are still positive and
consistent with further house price increases."
Recently, RICS suggested that the number of properties being sold
in the UK could reach 70,000 per month by the end of the year,
which would be up by nearly 10,000 compared with the end of last
year.
