2
Mar
UK property market 'improving'
The UK's housing market has shown signs of growth, a new report
from the Royal Institution of Chartered Surveyors (RICS) has
shown.
According to the organisation, Britain was one of only five
countries in Europe that saw property prices rise last year.
The organisation - which is a global body for those involved in
property, land, construction and environmental assets - said the
value of homes in the country increased by one per cent overall in
2009.
This included a ten per cent bounce since a low point in
April.
RICS chief economist Simon Rubinsohn commented: "A combination of
extraordinarily low interest rates and a raft of government
measures have helped to put a floor under residential property
markets in most European countries."
Other countries to exhibit improving housing markets were Norway
and Finland, which saw prices go up by 12 per cent and eight per
cent respectively, while Sweden saw a rise of seven per cent.
