House prices still on the
In London, the house price figures
were up, reports the Institution of Chartered Surveyors.
26.9 per cent was March’s figures
through the eighteenth month running, the surveyors have stated
that house prices are increasing than decreasing.
Ian Perry of Rics commented, "Last
week's interest rate hike may not be the last as the housing market
has not slowed as quickly as expected given the initial round
of rate rises. With prices buoyant and conditions still tight
another rate rise later in the summer looks likely."
The total amount of homes appearing
onto the market place was up again for the second month flowing
through April, Rics feel that due to the onset of property information
packs (HIPS) during June period this has happened.
Rics stated, "Surveyors report
that increasing numbers of sellers are listing their properties
early in order to avoid the upfront cost of assembling the pack.
Consequently, the stock of unsold property on surveyors' books
increased for the first time since last November."
During March period, eight per cent
more chartered surveyors explained a drop in new buyers than a
rise. In April this rose to 11 per cent reporting drops over a
Free Mortgage Enquiry