(Bloomberg) — A closely watched gauge of U.K. house-price growth surged to the highest in almost two decades last month amid a post-lockdown property boom.
The Royal Institution of Chartered Surveyors’ measure of price movements over the past three months climbed to the highest since 2002 in September. New listings, inquiries and agreed sales all posted gains.
However, its survey found real estate agents expect a bleaker picture in the longer term. The recent winding down of the government’s furlough program is widely anticipated to push unemployment up, and the end of a temporary cut in tax on home purchases may weigh heavily on activity.
“There is increasing concern that