The Royal Institution of Chartered Surveyors’ house price report for April is due out tomorrow.
It is expected to show a balance of 14% of surveyors seeing a rise in prices rather than a fall in April. The figure was 13% in March.
Rightmove says house prices have risen by 2% in the past month in a survey published today. It says it is revising its projection for price gains in 2006 from 5% to 8%.
This is because the supply of attractive homes for sale is not keeping pace with demand. New figures from Your Move show demand to-date this year was 25% higher than in 2005.
References: The Times 15/05/06 page 38 (Need to know), The Daily Telegraph 15/05/06 page B6 (Economicweekahead), The Guardian 15/05/06 page 26, Financial Times 15/05/06 page 4, The Independent 15/05/06 page 37
