The number of real-estate agents saying prices increased exceeded those reporting declines by 35 percentage points last month, up from 34 points in October and the most since November 2006, RICS said in its monthly survey released today.
The property market is recovering from its slump as banks provide more mortgages and the economy shows signs of exiting the recession.
“Despite modest increases in the number of properties coming on to the market, it is clear that this is not significant enough to keep pace with the levels of demand,” Ian Perry, a spokesman for RICS, said in a statement. “Buyer enquiries are continuing to grow and with the pace of job losses now easing, the risk is that the new year could see a further wave of interest in the market.”
