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Homes Shortage Set To Push Up Property Prices, Say Estate Agents - The Times July 09

Property values are set to rise in the next three months as a lack of homes props up prices, estate agents believe.

The number of agents expecting house prices to increase in the coming months outnumber those predicting further falls for the first time since May 2007, according to figures published today by the Royal Institution of Chartered Surveyors (RICS).

These are also signs that activity in the market is picking up, with the average number of sales completed by each estate agent rising to 12.7 in the three months to June.