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RICS survey shows moderating price rises

12 Sep 2014

The August Residential Market report from the Royal Institute of Chartered Surveyors showed that new buyer queries  declined for the second consecutive month, and that house price momentum slowed to the same level of a year ago

Significantly, surveyors now expect faster price rises outside London than in it, with a balance of +9 surveyors expecting prices to rise in London - the lowest balance for any region in the UK. Conversely, the regions with the strongest expectations of price rises are East Anglia (+70), Northern Ireland (+67) and East Midlands (+57)

The RICS members also expect rents to continue edging upwards by an average of 2.3% over the next twelve months

For the full summary and report click here

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