Housing market remains strong, says RICS

In November, 47.4% more chartered surveyors reported a rise than a fall in house prices, which was down from 47.7% in October but still more than double the long run average of 21%. RICS says the market absorbed last month’s interest rate rise and the financial services sector, in particular, boosted the markets of London and the South East where a respective 75% and 61% more chartered surveyors reported a rise than a fall in house prices. Scotland continues to experience buoyant conditions, with 56% more chartered surveyors reported a rise than a fall in house prices, but this compares...