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UK recovery faster than the rest of Europe
The Royal Institution of Charted Surveyors (RCIS) have announced that that the UK housing market is improving at a much faster rate compared to the rest of Europe.
They have announced that the UK has experienced steep growth in house prices since there drop in 2008; where as other European countries are still facing difficulties.
The size of the UK recovery is more evident due to the size of the market collapse between autumn 2007 and spring 2009.
RCIS Chief Economist, Simon Rubinsohn commented “Activity may be slower this year but it is very unlikely that prices will drop as they did in 2008. Buyer enquiries will pick up resulting in mortgage activity and house prices increasing.”
