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The Office for National Statistics has released UK house price data for February that shows prices rose 5.8% over the last year. The average property price now stands at a record high of £217,502, led by gains in the East of England, where average house prices rose 10.3%. This strength in property prices comes despite the uncertainty following the EU referendum, and is much stronger than...
The February residential market survey from the Royal Institution of Chartered Surveyors (RICS) showed that around one third of RICS members say homeless people and those on housing benefits are being pushed out of the private rental market as rents rise and benefits are cut.
The monthly UK housing report from the National Association of Estate Agents shows a decline in the number of properties on the market, despite a rise in the number of buyers.
The number of buyers registering with estate agents rose 12% in December to 386 per branch according to the National Association of Estate Agents (NAEA). By comparison the average branch has just 41 properties on its books creating a tight supply-demand picture that bodes well for property prices this year.