RICS UK economic brief January 2007 [electronic resource]
Language: English Series: RICS UK Economic Brief ; January 2007Publication details: London RICS 2007Subject(s): LOC classification:- 333.33 $2 18
| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 139990-1001 |
Reports that occupier demand for for commercial property rose further in December with rental growth firming to 3.6% up from 2.6% at the start of the year. The RICS Construction market survey for the fourth quarter paints a healthy picture of the industry. Growth in construction workloads during 2006 Q4 accelerated to the fastest rate since 2002 Q4. The lastest figures from RICS show that house prices rose for the fourteenth consecutive month in December, although the pace of increase has slowed. Price rises continue to be driven by buoyant demand and falling supply, but higher interest rates are starting to cool the market.