House price growth strongest in two years

House prices rose as demand strengthened on the back of a healthy economic environmen1t and consumer confidence, with 20% more chartered surveyors reporting a rise than a fall compared to 15% in April, it says. Rics says recent turbulence in the stock market and speculation over interest rate hikes haven’t dampened demand. Buyers’ enquiries have continued to rise for a record breaking twelfth month in a row, with 22% more chartered surveyors reporting a rise – the highest rise since last October - up from only 5% in April. Meanwhile 18% more chartered surveyors reported growth in new ins...