Looks like any pick up in UK house price growth isn't going to last more than about 6 months. From latest RICS survey pic.twitter.com/AGm2lKRl6B
— RBS Economics (@RBS_Economics) October 8, 2015
Despite a recent slowdown in activity and the London property market coming off the boil, a shortage of property for sale adds to the pressure on house price.RBS are referring to the latest Royal Institution of Chartered Surveyors property report, which forecasts house prices to rise 2.5 per cent over the course of 2015 and then increase by 4.5 per cent each year for the next five years.
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