Properties on the market up 32%

A monthly survey conducted by The Royal Institution of Chartered Surveyors (RICS) found buyers are still shy of the market, with February seeing a marginal increase in the number of agreed sales, while completed sales declined slightly from the previous month. The number of people selling their properties however, continues to increase at a moderate pace, resulting in a 32% increase in the amount of properties for sale over the past year. RICS says that people are holding back on the market as a precautionary measure to a potential hiking up of interest rates, adding that house prices a...