House price growth in Britain hit a new six-month high last month, with potential room for further growth, despite the growing cost-of-living squeeze.
The Royal Institution of Chartered Surveyors (RICS) said a net balance of +74% of its members reported an increase in residential property prices in January, up from +70% in December and its highest since July.
The report echoed other surveys that show Britain’s housing market retained much of its momentum going into 2022, despite the phasing out of the stamp duty holiday last year.
But with household budgets being squeezed by high inflation and imminent tax rises, RICS cast doubt on whether the housing market can keep up its recent strength.
Read the full article on Property Industry Eye| FEBRUARY 11, 2022 | MARC DA SILVA
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