RICS see spread of property price boom

Property price boom spreads across the whole of the UK according to the Royal Institute of Surveyors.

RICS economist Simon Rubinsohn described how the property market conditions have improved nationally “There has been a sense that it was one story for London and a very different outlook everywhere else, with perhaps a few other city centres edging ahead. But that is not the case any longer.”

The 513 RICS branches across England and Wales recorded an average of 23 property sales in the first quarter of 2014. The figure compares against a post crash low of 12 in 2009 and the mid-2007 high of 40.

Most pundits are feeling confident of price rises, with RICS increasing their forecast for property price growth to between 6 and 8 percent for 2014, however, they do warn of a shortage of property coming to the market.