It’s most current survey completed in November shows that prices are rising in the home market for the fourth month, which is just one more [...]]]> The Royal Institution of Chartered Surveyors otherwise known as Rics reported today that house prices are still on the increase due to a shortage of homes that are available for sale.

It’s most current survey completed in November shows that prices are rising in the home market for the fourth month, which is just one more of the many surveyors who are reporting that house prices are rising faster than they were falling.

Ian Perry a spokesman for Rics said that this was the best reading since the same month in 2006 and that even though the economy is not recovered the reports suggest that the prices will continue to increase since there is a shortage of properties for sale.

Rics assesses the market by asking members of the association questions that relate to supply, demand, and prices.

Over the last six months people are being told to sell but the number of potential buyers is also on the rise.

Rics stated that the increase in interest shows that buyers are still considering investing in the market and that stock is continuing to fall behind actual demand.  The association continued to say that this is evidence supporting the fact that the house market will simply keep improving.

It should be considered that without surveys, surveyors have no income; therefore it would be in their interest to have more houses on the market, as this will create work for surveyors, a little like firemen encouraging people to set fires.