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Affordable homes

Word Smith's picture

Time to take another look at Stamp duty? Prices rising as RICS declares market 'dead-locked'

Fri, 12/13/2013 - 14:26 -- Word Smith

While house prices are rising, there is still a big difference in prices between North and South and, overall, a lack of supply to fulfill the rising demand. Trawling through the property listings and comparing data, it would be easy to get confused. According to the Royal Institute of Chartered Surveyors (RICS) the market is dead-locked with no new instructions. Buyer interest is hotting up, yet the flow of properties onto the market is not coming through. It also believes that the Government’s Help-to-Buy scheme has had an impact on the rental market, slowing it down.

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