UK House Prices Keep Rising, Despite Budget Fears
What happens next almost certainly depends more on interest rates than politics.
UK house prices keep recovering.
Photographer: Jose Sarmento Matos/BloombergWelcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
The looming doom and gloom budget may have dented consumer and business confidence somewhat, but the UK’s cockroach-like housing market soldiers on — at least, according to the latest monthly survey from the Royal Institution of Chartered Surveyors (RICS).