U.K. RICS House-Price Index Hits 11-Year High on Help to Buy
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A U.K. house-price index rose to the highest in more than a decade in October as government programs to boost home ownership increased the pressure on supply across the country.
The gauge by the Royal Institution of Chartered Surveyors increased to 57, the highest since June 2002, from 53 in September, the London-based group said in a report today, citing a poll of property surveyors. A separate report showed mortgage lending climbed to the highest level in almost six years in the third quarter.