House price inflation surge shows ‘little’ signs of slowing

House price inflation is unlikely to be quelled any time soon as prices continue to be driven by historically low stock levels. Despite warnings of a recession on the horizon, current property activity continues to be buoyant, according to the latest RICS Residential Market Survey. Its April survey found that the supply of homes on the market and new listings continues to be sparse. “There is little evidence at this stage of house price inflation losing much momentum, while expectations for the coming twelve months have only moderated slightly from recent highs,” RICS economist, Tarrant Parsons, said. 

City AM (12/-5/2022)