Interested home buyers should start searching now, as property supply is at its lowest amid increase in demand, according to a recent Telegraph report. In the article, the Royal Institution of Chartered Surveyors (RICS) warned of a severe shortage of homes for sale due to Britain’s ageing home owners moving less frequently. RICS also predicted that house prices will further rise in the next five years as a result. Supplies are at its lowest Currently, numbers of homes for sale are at their lowest since market statistics were first recorded back in 1978. As the supply shortens, the demand reportedly continues to increase mainly due to recent Government policies like the “Help to Buy” scheme. RICS also correctly predicted that prices would surge after the May election.
http://www.hancockandpartners.co.uk/latest-news/estate-agents-in-chichester-positive-market-from-post-election-bounce/
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