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Birmingham Post
Birmingham Post
Business
Vicky Shaw, PA Personal Finance Correspondent & Hannah Baker

House prices in South West expected to rise amid shortage of homes, surveyors predict

South West United Kingdom

A shortage of homes in the South West is expected to push up house prices in 2022, according to surveyors.

Some 84% of property professionals believe the West of England will see an increase in the cost of homes rather than a decrease, the Royal Institution of Chartered Surveyors’ UK residential market survey found.

Nationally, the number of new listings failed to keep up with demand over Christmas, leading to agreed sales dropping and underpinning house price rises.

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