The latest RICS Residential Market Survey shows that the gap between supply and demand is at its highest imbalance since May 2009.
This imbalance between supply and demand has led to a widespread improvement in market conditions.
Pricing expectations are good, with growth expected over the next quarter across all regions, except the North.
RICS put the figures down to the success of the Bank of England’s Funding for Lending scheme and the government’s Help to Buy scheme.
The survey’s quantitative measures show that over the coming twelve months, prices are expected to increase by 3% nationally and by 4.5% per year for the next five years.
