A further drop in the number of people putting their
homes up for sale is pushing house prices higher, according to surveyors. A
report from the Royal Institution of Chartered Surveyors (Rics) says new
instructions by sellers have fallen "deeper into negative territory".
Meanwhile the number of inquiries from would-be buyers remains unchanged. As a
result, most of the 308 Rics members who took part in the survey said house
prices were now rising. The monthly survey showed that the number of homes
being put up for sale had fallen for the eighth time in the past nine months,
and indicated that new instructions were falling at their fastest rate since
May 2009. Read more on the BBC website.
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