A gauge of U.K. house prices rose to a seven-month high
in November as the supply of properties for sale failed to keep up with a
moderate increase in demand. The Royal Institution of Chartered Surveyors said
its index rose to 30, the strongest reading since April, and that “supply
shortages remain a constraining feature” in the market. Respondents to its
monthly survey expect prices across the country to rise in the coming three
months, but were less confident about London’s prospects because of tax
changes. RICS said a slowdown in transaction activity may indicate that the
current strength in the housing market may not last. Read more on the Bloomberg
website.
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