RICS publish their Housing Forecast for 2017

December 21, 2016

News release from the Royal Institution of Chartered Surveyors (RICS) published today headlines ‘UK house prices to increase by 3% in 2017’.

According to the RICS housing forecast for 2017,  house prices in the UK will see an average increase of 3% over the course of next year as the number of transactions stabilises.

Simon Rubinsohn, RICS Chief Economist said: “Although recent announcements by the government on housing are very welcome, the ongoing shortfall of stock across much of the sales and lettings markets is set to continue to underpin prices and rents. As a result, the affordability challenge will remain very much to the fore for many. Meanwhile the lack of existing inventory in the market is impacting the ability of households to move and will contribute toward transaction activity over the whole of 2017 being a little lower that in the year just ending”.

Read the RICS Housing Forecast for 2017 report in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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