UK house prices to rise annually.

UK property prices will rise by an average 3.3% a year, according to a report which says confidence is returning following the Brexit vote.

The study of market conditions by RICS found that while growth has been tempered from the referendum, a new home shortage would prop up long term growth – a 4% growth had been predicted before the EU vote.

The survey agreed with other reports that activity returned in August following five months of decline.

More surveyors in London reported prices falling rather than rising for a sixth consecutive month, but in most parts of the UK property prices have shown signs of increasing.

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