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    Rics reveals rise in property market strength


    Rics reveals rise in property market strengthThe property market is set to continue to strength, it has been suggested.

    Indeed, research carried out by the Royal Institution of Chartered Surveyors (Rics) indicates that eight per cent more surveyors believe house prices will increase instead of fall over the next three months.

    Such a balance is the highest recorded by the organisation since April 2007.

    Those keen on getting to grips with DIY in order to boost the value of their home could be interested to hear 31 percent more surveyors in London reported property price rises in the city.

    Meanwhile, 63 per cent of respondents have seen an increase - rather than a fall - in enquires from new buyers last month.

    Despite this rise, Rics spokesperson Jeremy Leaf claims that demand "remains low from a historical perspective".

    "Crucially, it is the lack of supply that is helping to underpin prices at the present time," he adds.

    Britons looking towards home improvements to drive the value of their property could be interested in a recent Halifax study revealing house prices increased 1.1 per cent last month, the second rise to have taken place during the past three months.ADNFCR-2244-ID-19307073-ADNFCR

    N.B. The information contained in this story is provided by the supplier and does not necessarily reflect the views and opinions of lets-do-diy.com.


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