According to the RICS housing forecast for 2017, house prices in the UK will see an average increase of 3% over the course of next year as the number of transactions stabilises. Forecast in brief: - Transactions set to stabilise in line with recent trend, but fall short of full year 2016 outturn - Supply shortfall to continue pushing prices higher with prices to increase by 3% - Rents likely to increase by 2-3% across the UK in 2017 Need for more properties: Following on from the 2016 forecast, the supply pipeline or lack of it is at the forefront of the analysis and dominates the residential market.... Read More
