Cheap Money to Boost U.K. House Prices 6% in 2016, RICS PredictsBy
Supply shortage will continue to propel values next year
Property-price increases forecast to outstrip income gains
Low borrowing costs and a shortage of supply will drive U.K. house prices up 6 percent next year, according to the Royal Institution of Chartered Surveyors.
Demand for housing remains strong, driven by record-low interest rates and a resilient economy, and values grew an annual 7 percent in October, according to the most recent data from the statistics office. Chancellor of the Exchequer George Osborne is attempting to boost supply and announced additional spending on housing last month…
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