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LONDON-Most contributors to the new Royal Institution of Chartered Surveyors survey report price rises of 2-5% over the three month period to April. The difference between those chartered surveyors reporting prices rising and those reporting prices falling was 63%, the highest figure since November 1999.

This continued rise in prices was fuelled by an on-going shortage of suitable properties coming on to the market. The average number of properties per surveyor was 60, a sharp fall from the 67 of last month’s survey, which in turn was itself the lowest level since 1979, underlining the acute shortage.

Completed sales fell back slightly this month. The average number of sales per surveyor dropped to 37, down one from last month. Despite this, sales are still at their strongest for 13 years.

Chartered surveyors contributing to the survey expect the upward movement of prices to continue. The difference between those expecting rises and those expecting falls is 75%, up 4% on last month.

RICS national housing spokesman, Ian Perry, said: “There would appear to be no end in sight to the rise in prices, although in some areas chartered surveyors are reporting overpricing is meeting resistance from buyers.”

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