Rics comments on house price rise
News from Nationwide Building Society that the average UK house price increased by 0.9 per cent to £156,442 in June makes for the "least worst reading" in the last 11 months, according to the Royal Institution of Chartered Surveyors (Rics).
The chartered surveyor group said that the results appear to show that property values have now "hit the floor" - for the time being at least.
Nationwide's index shows that the cost of property in the UK has increased in three of the last four months.
Rics said that the building society's geographical breakdown made for interesting reading.
"London and the south-east were amongst the firmer areas in the second quarter, a result that is broadly consistent with the regions that have seen the strongest gains in buyer enquiries according to the monthly Rics survey," the group commented.
It added that both the Rics report and Nationwide's study described how there has been an upturn in property-buying interest in Wales.
Mortgages for Professionals provides expert mortgage advice for high earning professionals on over 30,000 mortgage types.
The chartered surveyor group said that the results appear to show that property values have now "hit the floor" - for the time being at least.
Nationwide's index shows that the cost of property in the UK has increased in three of the last four months.
Rics said that the building society's geographical breakdown made for interesting reading.
"London and the south-east were amongst the firmer areas in the second quarter, a result that is broadly consistent with the regions that have seen the strongest gains in buyer enquiries according to the monthly Rics survey," the group commented.
It added that both the Rics report and Nationwide's study described how there has been an upturn in property-buying interest in Wales.
Mortgages for Professionals provides expert mortgage advice for high earning professionals on over 30,000 mortgage types.
