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The Markets
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Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
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The Markets
by Proactive
Proactive UK has moved.
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Go to Proactive UK

Real Estate

House prices up nationally for first time in two years, RICS reports

House prices climbed across the board nationally for the first time in two years last month.

In its latest survey, The Royal Institute of Chartered Surveyors (RICS) said more surveyors had reported prices were rising in their areas than those indicating a fall.

This comes after net readings have been either negative or flat in each month dating back to October 2022.

RICS also reported readings covering demand, sales and new listings had all returned to growth in a “broadly positive” outlook for the market.

“The latest survey results once again convey a brighter picture for housing market activity, with the recent easing in mortgage interest rates continuing to support a recovery in buyer demand,” RICS market analytics head Tarrant Parsons said.

“Critical for the outlook, a further unwinding in monetary policy is anticipated over the months ahead, which should create a more favourable backdrop for the market moving forward.”

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