UK Housing Boom Gathers Pace, But Fears Of A Bust Grow Too

The rebound in Britain’s housing market gathered more pace in July with a measure of property prices turning positive for the first time since the coronavirus crisis engulfed the country. But the Royal Institution of Chartered Surveyors (RICS) said its members were worried the mini-boom could turn into a bust once the government’s jobs subsidy programme closes and a tax cut expires at the end of March. The RICS monthly house price balance rose to +12 from June’s -13, above all forecasts. RICS said surveyors were more cautious about the outlook in the medium term. Read more on the Reuters website.

https://uk.reuters.com/article/uk-britain-economy-houseprices/uk-housing-boom-gathers-pace-but-fears-of-a-bust-grow-too-rics-idUKKCN25830Y