House price inflation increased for the second month in a row in April 07 despite a reported fall in demand and an increase in the numbers of properties on the market.
RICS (The Royal Institute for Chartered Surveyors) states that 28.9% more of their members quoted house price rises compared with falls which is higher than the previous month's figure of 26.9%. This makes it the 18th consecutive monthly increase which it is believed is being driven hardest by increases in London, the south-east and East Anglia.
Increases in the numbers of houses available could be due to the forthcoming Home Information Packs although demand for new homes was reported to have declined for the fifth straight month and at a faster pace.
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