Prices Rise as Supplies Slow

Following my recent property market review, I was very interested to read a report from the Royal Institution of Chartered Surveyors who advised that house prices remain on a firmly upward trend but with the number of homes coming on to the market falling for the 4th month in a row in April.

The RICS survey showed that on average surveyors expect the average price growth of 6% a year over the coming 5 years.  In the short term at least, this was the result of the imbalance between the supply of homes and demand.    I will continue to keep you advised of trends.

Lindsay Darroch
Partner – Head of Property 

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