Rise in house prices according to RICS

August 13, 2015
what is happening to house prices

House prices rose at their fastest rate in a year in July, the Royal Institution of Chartered Surveyors reported that their house price balance rose from +40 in June up to +44 last month.

The shortage of property for sale is a real headache to those looking to buy at the moment, the shortage comes at a time when demand is at an all time high, in fact the RICS reportedly says: “buyers showed the highest demand for properties in six months, while those who owned homes already seemed reluctant to move because of the limited choice of other properties available”

Chief economist for the Royal Institution of Chartered Surveyors Simon Rubinsohn reportedly said, “a renewed acceleration in house price inflation allied to a fairly flat trend in sales activity highlights the very real challenges being presented by the housing market,”

 

 

 

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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