British House Prices hit a seven-month high in November and companies hired more workers, surveys showed on Thursday, suggesting the economy remained resilient five months after Britain’s vote to leave the European Union.
The Royal Institution of Chartered Surveyors said its measure of House price growth hit +30, up from +23 in October and higher than a forecast of +26 in a Reuters poll of economists.
However, the number of prospective buyers remains low and a recovery in the market is likely to be modest given the uncertain outlook for Britain’s economy, Simon Rubinsohn, RICS chief economist, said.
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