House prices will edge up only slightly in 2010 amid continued economic uncertainty, the Royal Institution of Chartered Surveyors (RICS) predicts.
The average cost of a new home will be up by just 1% to 2% by the end of the year, RICS said. 
However RICS also thinks that monthly home sales in the final quarter of the year will rise to around 70,000 from the current level of 55,000 to 60,000. It predicts that a shortage of homes available for sale will squeeze prices higher in the early part of 2010 so if you’re looking to buy, it might be worth calling the removals company sooner rather than later.
‘However, the combination of more available property and the beginning of the exit strategy from the big stimulus programs that have helped support the economy will gradually exert a greater influence,’ said Simon Rubinsohn, RICS chief economist.
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