RICS reports says more sellers returning to house market

Surveyors with increasing new instructions rose to a balance of 26% in August, from 16% in July, a report by the Royal Institution of Chartered Surveyors (RICS) showed.

And surveyors seeing house prices rise rather than fall climbed to the highest level in almost seven years with a balance of 40%, as the market is fuelled by Government stimulus schemes such as Help to Buy and Funding for Lending.

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Houses see more sellers

Sellers are returning to the housing market as they are tempted back by rising prices and growing demand, new figures reveal.