Fastest rise in 4 years
According to new data from the Royal Institution of Chartered Surveyors (Rics) house prices rose in September at their fastest rate for four years.
London and the south-east led the price rises, with estate agents reporting that ‘gazumping’ has returned while house prices in the capital increased at their fastest rate since January 2000.
"Greater economic activity has created a ripple effect in house prices across the country," said Rics spokesman Jeremy Leaf, however he did warn "Continuing house price rises will make it difficult for the Bank of England to leave the base interest rate level at 4.75%, unless the economy shows unexpected weakness."
London and the south-east led the price rises, with estate agents reporting that ‘gazumping’ has returned while house prices in the capital increased at their fastest rate since January 2000.
"Greater economic activity has created a ripple effect in house prices across the country," said Rics spokesman Jeremy Leaf, however he did warn "Continuing house price rises will make it difficult for the Bank of England to leave the base interest rate level at 4.75%, unless the economy shows unexpected weakness."
posted by ew at
11:23 AM
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