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Good New on House Prices: "Housing market grinds to a halt as sales hit lowest level since 1978"

Link to Daily Telegraph

"House prices could rise by a quarter in the next five years, a report predicts today after finding the number of homes for sale has fallen to its lowest level since records began in 1978.

"The Royal Institution of Chartered Surveyors (Rics) warns of an 'acute shortage of supply' as Britain's ageing population of home owners moves less frequently and focuses instead on helping their children on to the housing ladder.

"Each surveyor had just 52 for-sale properties on the books in May, the organisation found, the lowest monthly figure registered in nearly four decades."

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