Number of properties for sale 'has increased'
An increased number of properties are being put on the housing market, according to new research.
The figures from the Royal Institution of Chartered Surveyors have revealed that 15 per cent of surveyors experienced an increase in new supply in October, compared to five per cent in September.
Furthermore, a net balance of 95 per cent of chartered surveyors reported price rises in London - the highest figure since December 1996.
Commenting on the news, Nicholas Leeming, commercial director of Zoopla.co.uk, said this evidence that more people are putting their houses up for sale was a "real cause for cheer".
"Satisfying the colossal pent-up demand from buyers will help drive transactions [and is] crucial to ensuring the property market recovery goes from strength to strength," he added.
However, while this may be good news for some, Britons who still lack the finances to buy their own home may find that flats to rent in Eltham or another part of London is a more affordable alternative that could give them time to save.
Written by Ben Carter
Published 11th November, 2009
© 2009 Estates IT Limited
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