The slow but steady rise in house prices in recent months may be stunted as more properties come on to the market, surveyors say.
According to the Royal Institution of Chartered Surveyors (Rics), new instructions outpaced inquiries from new buyers in February, the second time this has happened this year. The rise in house prices during the past year has been attributed by some to be as a result of a shortage of stock for sale. Rics says it is still finding more surveyors reporting rising prices than falling prices last month. "There was a resumption of interest in the housing market following the fall that took place in January, which was due partly to the extreme weather conditions during that month and the ...
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