Mar
04

RICS – British house prices probably won’t fall this year

U.K. house prices probably won’t fall this year as the shortage of homes and low interest rates support the property market, the Royal Institution of Chartered Surveyors said.

“With housing supply continuing to be tight and interest rates likely to remain low, it seems unlikely that prices will dip again,” the London-based lobby group said in a statement. “Activity will still be constrained, so that recovery will continue to be slow, particularly outside of London and the southeast.”

Source: RICS

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