The UK- based Royal Institution of Chartered Surveyors (RICS) reported on Thursday that despite house buyer demand picking up there are fewer new homes for sale.

According to the RICS residential market survey for September, the choice of new properties was declining and there was a “continued lack of supply”.

In September, 35% of the survey’s respondents reported a fall in instructions, which is the number of sellers putting their homes up for sale. In addition, the number of appraisals undertaken last month was below the rate seen twelve months prior.

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