The housing market is showing unexpected signs of strength, according to latest survey by the RICS. Daily Telegraph. The Times. Financial Times
The rise suggests that four interest rate rises have still not dampened consumer demand for residential property.
Nevertheless, RICS said its members reported that house price inflation is still falling.
And in a clear sign that the proposed of home information packs had caused a flood of properties to be put on the market, RICS reported that the number of new instructions to sell increased at the fastest pace in the survey’s history.