Joining euro will affect mortgage debt, RICS says

House prices are likely to suffer a price boom followed by a price bust if the UK ditches the pound for the euro, the Royal Institute of Chartered Surveyors (RICS) says. According to RICS analysis out today, property prices might rise by as much as one-third by 2006, if the UK decides to join the single currency in two years time. The analysis has been released ahead of chancellor Gordon Brown's speech today in which he will reveal the Government's decision on whether the UK is ready to join the euro or not. In analysing the effects of joining the single currency, RICS ...