During the three months to September, more agents reported feeling swell than not feeling swell, according to the Royal Institute of Chartered Surveyors. That's the first positive result in two years, driven by a shortage of homes, particularly in London and the south east. The RICS report is a vague confirmation of something we're seeing in more scientific market reports, but... all eyes on the lagging indicator that is employment, the future of interest rates, and pent-up vendor demand... there lies the future of house prices.

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