'Unrealistic asking prices' will hinder housing market in 2012 | Money | guardian.co.uk
More houses were put up for sale in December 2011, but "unrealistic" asking prices are expected to hinder transactions, according to the Royal Institution of Chartered Surveyors.
The number of new instructions edged higher for the third month in a row, Rics said, suggesting more sellers were coming on to the market in time for the new year.
London saw the biggest increase in supply, with new instructions rising to their highest level since January 2005.
But despite a slight increase in buyer inquiries, surveyors' expectations for future sales dipped from November and are now flat as a result of the "unrealistic price expectations" of some vendors.
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