U.K. House-Price Growth Maintains Momentum With Supply PlungingBy
RICS says ongoing property shortage driving values higher
Acadata says prices rose 0.6% in November to new record
The momentum in the U.K. housing market is showing little sign of fading as a worsening supply shortage drives prices higher, separate reports on Thursday showed.
A monthly index by the Royal Institution of Chartered Surveyors showed values rose at a “firm pace ” in November as the number of properties being put on the market fell for a 10th month. Acadata and LSL Property Services said prices increased 0.6 percent last month to a record 290,640 pounds ($441,200). Prices were 6 percent higher from a year earlier…
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