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Article: -ROYAL INSTITUTION OF CHARTERED SURVEYORS: Rate rise hits house price inflation
- Article from:
- M2 Presswire
- Article date:
- June 30, 1998
CopyrightCOPYRIGHT 1998 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-30 June 1998-ROYAL INSTITUTION OF CHARTERED SURVEYORS: Rate rise hits house price inflation (C)1994-98 M2 COMMUNICATIONS LTD RDATE:300698 House price inflation has levelled-off thanks to successive interest rate increases and an influx of new property onto the market, says the Royal Institution of Chartered Surveyors in its survey of the housing market in England and Wales to the end of May 1998. The first half of 1998 has seen the most significant rise in stock since 1995, effectively putting the brakes on house price inflation, reflected in a three point drop to 45% in the net balance* of chartered surveyors reporting rising prices. In addition to interest ...