House prices rising say surveyors
Anyone not on that housing ladder had better get on while prices are still cheap.
The housing market has shrugged off the Bank of England's increases in interest rates, says the Royal Institution of Chartered Surveyors (RICS). Its latest survey of members who work as estate agents shows that UK house prices rose in March, for the 17th month in a row. The RICS says this shows the housing market is still in "rude health".
According to the Halifax bank the annual rate of house price inflation rose to 11% in March, and the number of new mortgages being approved for house purchase has remained stable in recent months. The RICS report confirms the view of other analysts that the areas seeing the largest increases in house prices are Northern Ireland and London.
According to the Halifax bank the annual rate of house price inflation rose to 11% in March, and the number of new mortgages being approved for house purchase has remained stable in recent months. The RICS report confirms the view of other analysts that the areas seeing the largest increases in house prices are Northern Ireland and London.
Comment