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Showing posts with the label keep driving up House Prices

Property shortages keep driving up house prices, say experts

House prices have risen across all parts of the UK for the third consecutive month whilst stocks continue to fall. Key points RICS Residential Survey for October  shows UK House prices are expected to rise by 4.5% per annum, over the next five years (a cumulative increase of around 25%) Price balance points to higher prices across all parts of the UK for a third consecutive month New sales instructions extend streak of uninterrupted decline stretching back to February Sales growth pauses but expectations remain a little more positive Prices continue to rise House prices have risen across all parts of the UK for the third consecutive month, according to our latest UK Residential Market Survey. In October, 49% more chartered surveyors saw house prices rise across the UK, compared to 44% more in September.   As prices rise in all areas of the UK, East Anglia has consistently seen the fastest rises over the last three months and 91% more charte...