Housing demand 'outweighing supply'
Although there has been a slight increase in the number of properties going on sale in the UK, the market may be some way off recovery due to high prices, it has been suggested.
According to the Royal Institute of Chartered Surveyors (RICS), this means demand for housing is continuing to exceed available supplies.
Such news may prompt Britons to consider property to rent in Shoreditch or elsewhere in London while they wait for more choice to become available on the housing market.
Furthermore, flats and houses available for rent in the capital are likely to be significantly more affordable than those for sale in the same area.
The RICS research revealed that buyer enquiries in London are remaining strong but a lack of properties being put on to the market is leading to rapid price rises.
Ian Perry, RICS spokesperson, said: "Despite modest increases in the number of properties coming on to the market, it is clear that this is not significant enough to keep pace with the levels of demand."
Written by Chris Price
Published 15th December, 2009
© 2009 Estates IT Limited
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The demand for housing in the UK is continuing to outweigh supply, it has been revealed, which may mean people wish to choose property to rent in London while they wait for their dream home to come to market.