UK House Prices See First Gains in 2 Years on Low Supply.Summary: UK House Prices grew for the first time in over two years, adding 10.7% in August according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a survey from the Royal Institution of Chartered Surveyors | The Royal Institution of Chartered Surveyors (RICS) is an independent, representative professional body which regulates property professionals and surveyors in the United Kingdom and other sovereign nations. ... UK House Prices grew for the first time in over two years, adding 10.7% in August according to a survey from the Royal Institution of Chartered Surveyors (RICS RICS Royal Institution of Chartered Surveyors RICS Royal Institute for Chartered Surveyors RICS Right Intercostal Space (medicine) RICS Return Inventory and Classification System RICS Range Instrumentation Control System ), an industry association for real estate agents. Economists were forecasting a flat result ahead of the release. The rebound may not reflect a rebound in demand however: RICS chief economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the Simon Robinsohn said "Its fair to say that a lack of supply is driving the rise in house prices," adding that it would be "foolish to believe prices are going to go up in a straight line" from here and predicting that "2010 will be a more difficult year." Indeed, the number of for-sale properties per real estate agent fell by about 23% from a year earlier. Rising unemployment looks to be the central challenge to a sustainable recovery in housing, trimming incomes and weighing on purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. . The jobless printed at 4.9% in July, the highest in nearly 12 years, and is expected to top 9% next year.null 2009 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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