Shortage will push up house prices…

Research by the Royal Institution of Chartered Surveyors has found that estate agents believe house prices will rise in the coming three months to counteract a drop in supply. It was the first time since May 2007 that agents predicted an increase in house prices. RICS also found signs of an increase in market activity, with the average number of sales completed by each estate agent rising to 12.7 in the three months to June, up from 11.7.