House prices are set to fall next year as the fragile economic outlook continues, research suggests. According to the RICS Housing Market Forecast published today, headline price levels could drop by around three per cent across the UK.
Home buyer demand and property sales both experienced a boost in November, new figures reveal. But RICS warned that ongoing economic uncertainty is still holding the property market back from any significant recovery.
Activity in the housing market perked up last month, with a rise in both sales levels and property demand, research from the Royal Institution of Chartered Surveyors suggests. Demand was strongest in the North West and South East.
The April sunshine coaxed sellers back into the housing market - but an ongoing lack of mortgage finance means that only the cash-rich can really take advantage of the property scene, according to the Royal Institution of Chartered Surveyors.
House Price Index
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