Royal Institution of Chartered Surveyors survey April 2006 |
The Royal Institution of Chartered Surveyors (RICS) has released results from their housing market survey, that show house prices have risen for the 6th month in a row. It also states that larger houses have outperformed compared to flats, with pre-1960s 2 and 3 bed houses seeing the largest increases.
For the first quarter of 2006, 15% more Chartered Surveyors said that prices had increased.
The number of properties available has decreased by 10% compared to one year ago, while sales activity has increased by 17%, which has lead to increased competition among buyers.
Jeremy Leaf, RICS spokesman, said: "The rise of house prices suggests a return of confidence to the market boosted by a healthy economic climate. Greater economic wealth has boosted prices for larger properties as buyers remain content to invest for the long term, with a rising stock market not detracting interest in real estate."