British house prices rose at their fastest rate in almost
a year last month, making the cost of buying a home "ever more
unaffordable", a body representing property valuers said. The Royal Institution
of Chartered Surveyors said its monthly house price balance jumped to +40 in
June from +34 in May, the highest since July 2014 and a bigger rise than most
economists polled by Reuters had expected. Cheaper mortgages and strong job markets in London and
central England were driving demand from buyers, while the number of people
looking to sell remained static, RICS said. Read more on the Reuters website.
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