House prices in Britain rose at their fastest rate in nearly four years during the three months to September, a survey showed today, in a further sign August's interest rate rise has not cooled the market.
The Royal Institution of Chartered Surveyors said its house price balance rose to +45.1 in September from +34.9 in the three months to August - the strongest reading since October 2002.
The sales-to-stock ratio, which some economists say is a more reliable gauge of housing market health, rose to 38.8 in September from 37.3 in August - its highest in two years.