House prices bounce back

The latest RICS housing Markey survey reveals house prices rose for the 17th consecutive month in March, with the pace of increase picking up for the first time in five months. RICS says 25.5% more chartered surveyors reported a rise than a fall in house prices, up from 24.8% in February, and the pace of increase remains above the long-run average of 21.6%. New buyer enquiries declined for the fourth consecutive month, with 8% more chartered surveyors reporting a fall than a rise in new buyer enquiries compared to 19% in February. The survey also reveals new instructions to sell prope...