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Tuesday, February 8, 2011
House prices in Britain have stabilized due to low supply
According to a recent survey by RICS, the number of certified appraisers, suggesting a fall in prices exceeds the number of those who expects an increase of 31 per cent, which is a notable improvement compared with 39% in the previous month. Realizing that this is not the best time for housing sales, the owners refrain from exhibiting their homes for sale, thus giving rise to lack of supply. This is particularly noticeable is happening in and around London, while in other regions of the sellers under the pressure of financial distress are forced to put their homes up for sale. In London, the price index jumped from -18 to -4 in December of last month.
