Lack of supply and weak demand holding back the UK property market says RICS

The property market in the UK is constrained and marred by weak supply and high demand, according to the latest residential survey report from the Royal Institution of Chartered Surveyors (RICS). The average number of homes sold per chartered surveyor hit its highest level since February 2008 but new housing supply has declined for the fourth month in a row, the report reveals. But despite the lack of new property coming onto the market in April, some 26% more chartered surveyors reported increa...