Lack of property is reason for balance in house prices

House prices are now stabilising due to an increase in potential new buyers and a lack of properties for sale, this is according a recent survey carried out by the Royal Institution of Chartered Surveyors (RICS).

Buyer interest in property has again increased for the seventh month, which is the fastest increase since 1999. The rise has also lead to a small increase in house sales; this may be from a very depleted market but is a promising sign. There has also been an increase of house sales of 1.2 over the past 3 months, which could indicate the housing market is rising up and out of the recession.

News brought to you by Insure My House offering great standards of insurance from a panel of leading insurers.

June 10^th 2009

• House prices may be close to stabilising
• Targeted pensioners home is raided