House prices in the United Kingdom are expected to move higher over the next three months, the latest survey from the Royal Institution of Chartered Surveyors showed on Thursday, with an index score of +34.
That touches a nine-month high, and it’s up from +32 in April, although it was shy of expectations for +36.
The increase in prices was the natural result of the Conservative Party’s electoral victory last month, RICS said.
“It is hardly surprising that prices across much of the country are continuing to be squeezed higher with property set to become ever more unaffordable,” RICS chief economist Simon Rubinsohn said.
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