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Worst shortage in 4 decades drives up UK house prices
Stock of homes per surveyor has fallen 12% this year to 52 properties
Add BT as a preferred sourcePublished Thu, Jun 11, 2015 · 09:50 PM
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London
UK house-price growth accelerated for a fourth month in May as the shortage of properties for sale reached its worst level in almost four decades, a survey found.
The Royal Institution of Chartered Surveyors (RICS) said on Thursday that its price gauge increased to 34 from 32 in April. Economists in a Bloomberg survey had forecast a reading of 36. In London, its measure jumped to the highest in almost a year.
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