Low borrowing costs will increase prices in the United Kingdom to 6% next year, according to the Royal Institution of Chartered Surveyors.
Demand for housing remains strong, driven by historically low interest rates, values have increased by 7% yoy in October, according to the latest data from the Statistical Office
The base rate of England is the basis for mortgage lending, which is 0.5 percent and has not changed since 2009 and has helped house prices to preempt inflation.
E.Dimitrov JrTrade
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