RICS economic brief

RICS economic brief

Keywords Economy, Currency, Rentals, Housing market

Falling equity prices and a strong pound are posing a dilemma for the Bank of England. Both factors militate against a rise in interest rates, but other economic indicators suggest inflationary pressures and the RICS expect an interest rate rise. Commercial property rents are rising and construction activity remains firm. House price inflation was levelling out at the start of the summer.