House price rise 'highest in London and South East'
01-17-2014
The capital and South East experienced the most pressure on house prices at the end of last year, research from surveyors found.
According to the latest report from the Royal Institution of Chartered Surveyors (RICS):
Every area of the UK saw house prices rise, but London and South East experienced the most upward pressure on prices.
Surveyors predict that both sales and values will continue to move firmly upwards through 2014.
RICS believe this will be driven by lenders relaxing their borrowing conditions, meaning more people with low deposits will be able to buy a home.
The property recovery was continuing "full steam ahead", with an upbeat outlook for the cost of property now visible in areas such as Northern Ireland, which has seen prices start to stabilise in recent months.