Rics says lack of housing supply will drive prices up faster than household pay rises with an average 6% rise across the country and 8% in East AngliaHouse prices in some parts of the UK could increase by as much as 8% in 2016 as the recovery that has taken hold in London ripples out across the country.
The strong jobs market in Cambridge and the area’s commuter links to London are forecast to build East Anglia at the forefront of growth,with an 8% average rise, according to the Royal Institution of Chartered Surveyors (Rics).
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Source: theguardian.com