House prices continued to rise in November - despite an increase in the number of properties available.
According to its November survey, RICS says demand continues to outstrip supply, with 28% more surveyors reporting an increase in enquiries from potential purchasers. The robust demand has had a knock-on effect on prices, with the majority of surveyors reporting rising rather than falling prices for the fourth month in a row. A net balance of 35% of chartered surveyors said prices were rising, up from 34% in October. The continued increase in prices is surprising given the fact more properties are coming onto the market. The sales to stock ratio - a measure of market slack and a lead ...
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