A look at future house prices and rents based on a RICS survey
We look at predicted growth for house prices and rents based on a recent RICS sentiment survey
- House prices and rental values are expected to rise across most of the UK over the next three months, based on the latest RICS sentiment survey.
- All surveyors in the North and West Midlands thought rents would rise over the next 3 months. Confidence for house price growth highest in Yorkshire & The Humber, North West and London.
- Expectations of house price growth have risen despite the interest rate rise in December, as stock levels remain close to historic lows.
- The continued imbalance in supply and demand is also the driving force behind rental growth. National 12 month rental growth projections now stand at 4.5%.
- Source: Dataloft, RICS (net balance score is calculated by the proportion of survey respondents reporting a rise minus those reporting a fall in the given indicator)