House prices rise across UK, but fall in the capital

13th March 2015

British house prices rose more than expected in February, according to the latest RICS survey. RICS said its monthly house price balance rose to +14 in February from +7 in January, above forecasts. The survey showed that only London saw house prices fall during the period, although the rate of decline eased. "It is encouraging that the negative trend in buyer enquiries appears to be dissipating, perhaps in part because of growing confidence that the cost of borrowing will stay lower for longer" said Simon Rubinsohn, RICS chief economist.

The Times (12/03/15)