Property demand falls as supply rises, says Rics report

 

The number of homes for sale given boost by abolition of home information packs, but demand is now on the slide

 

 

The number of properties coming on to the market in June increased at the fastest rate since May 2007, according to the latest housing marketsurvey from the Royal Institute of Chartered Surveyors (Rics).

It says the number of sellers was boosted by the abolition of the controversial home information packs (Hips) in May; yet buyer demand fell with the average number of completed sales rising by just 0.8% during the month.

 

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