Mumbai, Sept. 10 -- Britain's housing market is likely stabilising after months of weaker demand and subdued sales activity. RICS August house price balance rose to a five-month high of -28 from -29 in July, with new buyer enquiries at -19, the strongest since January. Rental market tightens as the net balance for rents over the next three months jumps to +44 from +33. RICS noted that higher interest rates or increased property taxation post-October budget could pressure prices.
Published by HT Digital Content Services with permission from Capital Market....