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RICS members predict price rises

A substantial proportion of RICS members are predicting more sales and house price rises for 2014
The Royal Institution of Chartered Surveyors (RICS) has said that 59% surveyors are predicting house price rises for 2014. In addition, the proportion of surveyors predicting sales to increase next year has risen to 76%.  

RICS also warned that without a ‘meaningful increase’ in the supply of homes, both house prices and rents will become more unaffordable. The body also described a ‘sharp’ pick-up, of 58% more surveyors seeing house price growth for November.

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House sales have also lifted strongly compared with a year ago. An average of just over 20 homes per surveyor were sold in the three months to November, compared with around 15 during the same period last year.

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