Wednesday, February 10, 2010
House prices in the UK continued to increase again in January, despite the freezing weather causing buyer interest to fall.
According to the Royal Institution of Chartered Surveyors (RICS), the snow and cold also caused fewer people to put their homes on the market.
Such a lack of choice, mixed in with the bad weather, may have prompted people to put their plans to buy a new house on the backburner and instead look for flats to rent in another part of London, where they are likely to be able to move in swiftly.
The RICS study also exposed during January, 32 per cent more chartered surveyors reported a rise than a fall in House prices - up from 30 per cent in December.
High Property prices may be another inspiration for people choosing to rent rather than buy.
posted
by World House Info @ 1:43 AM
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