The Royal Institution of Chartered Surveyors (Rics) has said that it expects property prices to increase by eight percent this year. This is largely due to demand outstripping supply – with the imbalance leading to the rises.

The UK capital has seen an increase of 11 percent on top of the double-digit increases over the past year – with prime spots in Central London benefiting the most from the boom.

The value of home loans to borrowers increased £17bn last month, up nearly a third on last year. The total value of home loans should reach £170bn in 2013, said the Council for Mortgage Lending.

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The Guardian

 

 

 

About the author

Nicolas Holmes

Nick joined Robert Holmes to inject fresh ideas and help grow the New Homes department of Robert Holmes as well as helping to inject technology into the business and to grow its client base. Together with one of the Directors Nick is in charge of all Development opportunities that Robert Holmes deals with along with sales. Aged 40, he provides succession together with the two existing directors. Nick has always been focused on building client relationships and sales. He built up his own gallery in Chelsea, where he had a loyal following of customers and artists.

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