The experienced team at Keywest estate agents Leicester are here to help you get a great price for your property

Get your property on the market as soon as possible if you want to take full advantage of rocketing property prices in the East Midlands. That is the advice from the experts at Keywest in the wake of the results from the latest RICS UK Residential Market Survey and August activity in the UK property sector.

New figures show that house prices are being pushed up in the region as a result of a lack of stock for sale coupled with strong demand, giving you the ideal opportunity to make the most of your investment and pave the way for a great property move for yourself.

So if you have been considering a home move over the next six or eight months, do not delay. Commit to getting your property on the market now, and secure the buyer you need to make your next move possible.

The best-case scenario is that you can then secure the best possible price for your property, and many buyers will be more than happy to wait with the aim of getting their hands on their ideal home, giving you the opportunity to find the property of your dreams as well.

New figures from the Halifax reveal that house prices rose by an impressive 2.7 per cent in August – the biggest monthly increase experienced since May 2014. This leap helped achieve a three per cent price rise over a three-month period and a yearly house price inflation figure of nine per cent.

Halifax housing economist Martin Ellis explained that a lack of second-hand properties being put up for sale was leading to these price rises. This is happening at the same time that demand is being supported by low mortgage rates, real earnings growth and economic recovery, he said.

Many analysts have been surprised by the August figures, and some have now revised their house price predictions. HIS Global Insight, for example, has raised its predicted house price growth figure from six per cent to seven per cent for 2015.

An HIS spokesman said that the most recent survey evidence was showing that market activity within the property sector is rising, and it is expected that this will continue to be supported in future months by high employment, stronger earnings growth, low mortgage rates and rising consumer confidence.

RICS, the Royal Institute of Chartered Surveyors, has also announced that it has doubled its forecast for British house prices during 2015. At the beginning of 2015, it predicted a three per cent growth, but this figure has now been increased to six per cent.