UK house prices rise

UK house prices rise
14/10/2016 , by , in INTERNATIONAL

British house prices rose for a second month in September and enquiries from buyers picked up for the first time since February, suggesting the housing market has weathered the initial shock of the Brexit vote.

Simon Rubinsohn, RICS chief economist, said the market was settling down slowly after the EU referendum in June, but the big issue remained a shortage of sellers, a phenomenon which has been pushing up prices since mid-2014.

“Central London remains something of an outlier with contributors telling us this is the one part of the market where there may be further give on prices in the near term,” Rubinsohn said. “Elsewhere the price trend still seems on the up.”

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