Prices ex­pected to rise three per cent

Yorkshire Post - Property - - PROPERTY NEWS -

FORE­CAST: The Royal In­sti­tu­tion of Char­tered Sur­vey­ors be­lieve UK house prices will in­crease by three per cent this year.

The RICS an­nual hous­ing mar­ket fore­cast also pre­dicts rents will rise by two to three per cent. It adds that East Anglia is likely to con­tinue its up­ward trend and along­side the North West and West Mid­lands is likely to record gains higher than the na­tional av­er­age in 2017.

Mean­while, prices in Cen­tral Lon­don look set to sta­bilise af­ter re­cent de­clines, with the weaker ex­change rate en­cour­ag­ing for­eign buy­ers. It calls on the gov­ern­ment to come up with a plan of ac­tion for hous­ing.

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