Property News

Tuesday, May 15, 2007

RICS: housing market still strong

Today, The Royal Institution of Chartered Surveyors has reported that house prices are still growing strong.

In its housing survey released today, it reveals that prices rose for the eighteenth consecutive month in April, with 28.9% more chartered surveyors reporting a rise than a fall in house prices, up from 26.9% in March. According to the RICS: "The pace of increase remains above the long run average of 21.6% indicating that the housing market is still in rude health."

Again, the survey showed that London and the South East had provided much of the added impetus for prices nationwide.


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