Rics says shortage of properties is driving house price increases,with London market suffering due to stamp duty changes introduced last year
East Anglia appears to own overtaken London in the property hotspot stakes after it was named as the region where house prices are rising the fastest.
House prices are continuing to increase across the UK, driven by an ongoing shortage of properties coming on to the market, or according to the Royal Institution of Chartered Surveyors (Rics). However,it said “punitive” changes to the stamp duty regime announced a year ago appeared to own taken their toll on the top terminate of the London market.
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Source: theguardian.com