house-prices-pushed-higher-due-supply-shortage

House prices pushed higher due to supply shortage

Prices Continuing To Increase

With the number of buyers flooding the market there is no let up in house price increases. The number of first time buyers has massively increases owing to the Help To Buy Scheme that is being offered to anybody that wants to get on the housing ladder.

The problem is that there simply is not enough houses for the buyers to purchase. The gap between demand and the supply is at it’s widest since 2009. According to the Royal Institute of Chartered Surveyors has said that the number of estate agents reporting house price rises is now at its highest level for 11 years.

We are now starting to see the number of transactions increase at the market picks up. Significantly nearly every region of the country has seen an increase in the number of homes being bought. This is welcome as it shows that the recovery is spilling out from London and the south east and that the recovery is nationwide.

The number of buyers questioned believe that prices will continue to rise. Of course there is always good reason to be cautiously optimistic but if you were a betting man you would not bet against this market continuing to rise for the foreseeable future.