By Charlie Jacoby, December 22, 2009
London’s estate agents have done the digital equivalent of sucking their pencils and now say they know what will happen to house prices in 2010. A modest increase in properties coming up for sale is having little effect on the housing market, as prices continue to rise, says the Royal Institution for Chartered Surveyors. For the sixth consecutive month, more chartered surveyors are reporting an increase in new instructions than are reporting a fall. However, demand is still outstripping supply and most surveyors are again reporting rising prices.