U.K. Housing-Price Gauge Increased in January on Supply Shortage
This article is for subscribers only.
A U.K. house-price gauge rose to a six-month high in January as fewer homeowners put their properties on the market, squeezing supply, the Royal Institution of Chartered Surveyors said.
The number of real-estate agents and surveyors saying prices fell exceeded those seeing gains by 31 percentage points, the highest reading since July, the London-based group said in an e-mailed report today. That compares with minus 39 in December. Economists forecast an increase to minus 38, according to the median of 16 predictions in a Bloomberg News survey.