Economics
U.K. House Prices Rise in January Despite Buyers Staying Away
- High infection rates and homeschooling put sellers off
- Supply shortages underpin values even in third Covid lockdown
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U.K. house prices rose last month, despite weaker activity in the property market amid a third national coronavirus lockdown.
In a survey published Thursday, the Royal Institution of Chartered Surveyors said values rose across the country as house hunters found suitable properties in short supply, with London the only region to see prices decline.