House prices continue to increase

business-growthAccording to the Royal Institute of Chartered Surveyors (RICS), a lack of homes coming onto the market will result in rising house prices over the next few years.

The findings reveal that  April 2014 was the fourth consecutive month that demand from buyers outstripped supply, with the number of properties being listed for sale continuing to fall.

As a result, RICS surveyors expect to see house price rises in all areas of the UK in the coming months with an average of 6% per year over the next five years.

During the last year London and South East have seen the most activity and the highest price rises.

This news will undoubtedly be another blow to first time buyers struggling to get a foot onto the property ladder. But all is not lost. Those in this predicament might be wise to consider the government schemes on offer, or consider an auction purchase.

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Posted by: Nicola Severn Categories: Buying, Economy, Estate Agents, Finance, House Prices, Latest News, Uncategorized Tags: , , , Comments Off on House prices continue to increase

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