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Housing market recovery continues

Chartered surveyors are feeling more optimistic about the prospects for the housing market, according to a new survey.

The Royal Institution of Chartered Surveyors (Rics) found that warmer weather helped to lift sentiment in April.

Some 17 per cent more chartered surveyors reported a rise than a fall in house prices during the month, up from nine per cent in March.

Prices are expected to increase further in the months ahead, with many surveyors expecting a post-election bounce.

Rics spokesman Jeremy Leaf pointed out that the housing market has been "under the shadow of a general election" for much of 2010.

This has caused the gap between supply and demand to grow wider, as potential buyers have chosen to wait until a new government is put in place.

However, he added: "The start of spring has seen renewed optimism with the good weather improving sentiment and surveyors expecting an increase in both sales and house prices."
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