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House prices rise for first time since mid-2010, finds surveyors report

Posted on 14 May 2013

Government measures responsible for pickup in demand that has yet to be matched by increase in supply, says Rics. Fresh evidence that Britain’s housing market is recovering from its long post-recession torpor has emerged as estate agents report the first upward trend in house prices in almost three years.
The Royal Institution of Chartered Surveyors (Rics) said the government’s Funding for Lending Scheme (FLS) and the Help to Buy initiative announced in the budget were responsible for a strong pick-up in demand for residential property that was not yet being matched by an increase in the supply of homes to buy………………………………………..Full Article: Source


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