Lack of UK homes for sale keeps up pressure on prices

For Sale and To Let signs displayed outside houses in Clapham, London, U.K., - Filepic

LONDON: The number of people in Britain putting their home up for sale fell for an eighth month in a row in November, placing further upward pressure on house prices, the Royal Institution of Chartered Surveyors (RICS) said yesterday.

RICS said its monthly house price balance held at +71 in November after an upward revision to October’s reading, not far from the 33-year high of +82 recorded in June.