myfinances.co.uk, 12th November 2013

 

 

 

House prices increase at fastest pace for 11 years says The Royal Institution of Chartered Surveyors (Rics).  

Alexander Gosling, director at Housesimple.co.uk, comments. :"The Council of Mortgage Lenders has just announced that lending in the third quarter hit its highest quarterly level since the boom days of 2007.

"Property market demand was resurgent even before the Help to Buy scheme launched, and it is now being fanned by a combination of buyer confidence and people's fear that if they don't buy now they will be left behind.

"But look deeper and you'll see that a fundamental mismatch between demand and supply is driving up prices. This is artificially propping up house values, and many buyers are gambling on an economic recovery that is by no means in the bag."

See the online version here

http://www.myfinances.co.uk/mortgages/2013/11/12/rics-housing-supply-imbalance-needs-to-be-addressed

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