Peter Rollings commenting in response to the latest RICS Housing Market Survey
Tue 10 Nov 2009
"London led the UKs house price recovery and, even as other regions have bounced back, prices in the capital have continued rising at the quickest pace. The imbalance of buoyant demand from buyers and a severe shortage of properties for sale fuelled house price growth in London. But a different scenario is now emerging. Weve recently seen a surge of sellers putting their homes on the market - and increased supply is tipping the scales yet again. Narrowing the gulf between supply and demand wont result in a dramatic fall-off in house prices, but it will lead to more sustainable levels of growth in the next few months."-ENDS -
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