House price inflation plateaus
According to the latest survey by The Royal Institution of Chartered Surveyors (RICS), house price inflation levelled out in November although strong demand and limited supply meant prices rose for a 13th consecutive month.
"The Bank of England's rate rises have failed to dent the housing market's armour," said RICS spokesman Jeremy Leaf. "Strong employment conditions and a robust economy continue to shield the market from any dip."
Once again, London experienced the strongest price rises. House price growth was also robust in Scotland and Northern Ireland but in both cases inflation has eased from its summer peaks.
"The Bank of England's rate rises have failed to dent the housing market's armour," said RICS spokesman Jeremy Leaf. "Strong employment conditions and a robust economy continue to shield the market from any dip."
Once again, London experienced the strongest price rises. House price growth was also robust in Scotland and Northern Ireland but in both cases inflation has eased from its summer peaks.
posted by ew at
8:44 AM
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