Home repayments worry as prices rise
12/05/2010New homeowners are facing an increased chance of falling into mortgage arrears after the Royal Institution of Chartered Surveyors (RICS) announced house prices increased in April.
17 per cent more of their members saw prices rise than fall last month, compared to 9 per cent in March.
RICS also expect a post-election price bounce, which will see new householders face even higher home repayments.
On average, surveyors saw completed sales rise to over 17 (17.4) and stock on their books go down 6 per cent to 61 each. This in turn has increased the sales to stock ratio, which is used as a key indicator of future house price inflation.
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