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