U.K. house prices are likely to rise 2 percent next year, and sales will grow to the highest since the market crashed in 2007, the Royal Institute of Chartered Surveyors' said in a report on Friday.
Home sales is forecast to climb by over 3 percent to 960,000 in 2013 from 930,000 this year. It estimate rents to increase by about 4 percent next year
"Tentative signs of recovery in the sales market should not blind us to the very real problems that still exist," said Simon Rubinsohn, RICS chief economist.
"Even with the Funding for Lending scheme and some other government policies beginning to be felt in the mortgage market, many first-time buyers will continue to find it difficult to secure a sufficiently large loan to take an initial step on the housing market," Rubinsohn added.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.