"The lack of housing supply is the biggest issue facing the housing market today and the RICS survey findings underline this. The fact that nine out of 12 regions in the UK experienced a decline in new vendor instructions highlights the need for the Government to address these supply side issues, in order to put the brakes on house price rises.
"One way to do this would be to bring the 610,000 empty homes in the UK back into use, rather than focusing purely on building new homes. There needs to be a cohesive long-term strategy to ensure the sustainability of the UK's housing market."
For further enquiries, journalists can contact:
Johnathan Priestley, Cicero Group
Phone: 020 7297 5594