Property News · December 21, 2016

UK house price growth will slow to 3% in 2017, say surveyors


Royal Institution of Chartered Surveyors predicts growth to be about half that in 2016 – but demand will still outstrip supplyUK house price growth will slow in 2017 but the legacy of insufficient housebuilding will mean that demand will outstrip supply and lead to a 3% rise over the year, surveyors have predicted.Although the most bullish housing market forecast for the new year released so far, the Royal Institution of Chartered Surveyors said it expected growth to be about half that in 2016. A year ago, it predicted price rises of 6% and official figures are on track to meet that, with October’s annual growth rate at 6.9%. Continue reading…

Source : theguardian.com
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