Mortgage
prices in the
UK have had the biggest rise in two years, according to the Royal Institution of
Chartered Surveyors .
The institution's UK
housing market survey indicated that
mortgage prices rose on the back of
healthy consumer confidence, with 20 per cent more chartered
surveyors reporting a rise than a fall.
Buyer enquiries have risen for a 12th month in a row, a UK record, with 22 per cent of surveyors reporting a rise, which compares with five per cent in April.
Jeremy Leaf, spokesman for the institution, said: "The strength of the
housing market suggests consumer confidence in the
UK economy .
"Buyers are trading up the housing
ladder and have blown dust from their
wallets as
interest rates remain stable.
"Price rises for
family homes continue to outpace
flats for a third consecutive month."
Scotland and
London recorded the sharpest rise in
mortgage prices, while prices in Northern Ireland also showed a rise after being included in the survey for the first time.
A recent
Alliance and Leicester survey also indicated that mortgage growth in strong in the UK, while mortgage affordability is at its best since 2004.
