Article: -ROYAL INSTITUTION OF CHARTERED SURVEYORS: Rate rise hits house price inflation

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 ...

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