UK to see average house price inflation at 3% in 2017 The Royal Institution of Chartered Surveyors have predicted that average house prices across the UK will rise by 3% in 2017.
Their recent housing forecast for 2017 states that the number of transactions will “stabilise” throughout the year, but still be slightly lower than the 2016 figure recorded. The main reasoning behind their 3% figure is the limited supply of properties coming onto the market, as most estate agents continue to report that their property inventories remain at a historically low level.
However, as a consequence of this, they believe that rents obtainable in the rental sector will increase by between 2 and 3% across the UK in 2017....