The price of your London property is increasing again after seven months in decline say surveyors.

Rics' Residential Market Survey reports 28% more of its members reported a rise in prices than didn't over deals conducted last month.

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Surveyors were also pretty positive about the next three months with most expecting further rises.

Rics' chief economist Simon Rubinsohn, said: “It is conceivable that the decisive outcome to the election could encourage a pick-up in instructions to agents and ease some of the recent upward pressure on house prices but it is doubtful that this will be substantive enough to provide anything more than temporary relief.

"Alongside an increased flow of second hand stock, it is absolutely critical that new government focuses on measures to boost the flow of new build.’’

The research found uncertainty around the election was behind a lack of supply across the country as owners waited for the outcome before placing their properties on the market.

In addition to the shortage of supply Rics called on the new government to rapidly address the housing crisis.

Rics head of policy Jeremy Blackburn, said: “The affordability and availability of homes in the UK is now a national emergency and addressing this crisis must be the priority for the new government.

"The last time we were building 300,000 homes was in 1963 under Harold Macmillan’s Conservative government, which utilised both public and private building.

“Rics calls for a coherent and coordinated house building strategy, across all tenures.

"This should include measures that will kick-start a supply-side revolution, such as mapping brownfield, addressing planning restrictions and creating a housing observatory to assess the underlying economic and social drivers of housing and provide the impetus for solutions.

“Introducing demand-side measures, such as extending Right to Buy, will not see the Conservatives deliver on their promise of 1million homes by 2020.”