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UK Residential Market Survey

Lack of stock continuing to drive price growth

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Lack of stock continuing to drive price growth

The November RICS Residential Market Survey shows prices continuing to rise at a firm pace, driven by a continued shortage of new supply coming to market and a further modest increase in demand.

The headline RICS Price Balance remained almost unchanges from the previous month, recording a value of 49%. Prices are reported to be rising in all parts of the UK with East Anglia, the South and the East Midlands leading the way in terms of growth. East Anglia saw the firmest price rise with a net balance of 67% of contributors reporting an increase. By way of contrast, price growth appears to be moderating in London where, for the fourth month running, the net balance of respondents reporting rpice rises diminished.

Source : RICS

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Keywords : RICS