A key British housing price index rose in May to a three-year high as government credit-easing programmes revived buyer interest across the country.
The Royal Institution of Chartered Surveyors said its price index increased to 5 from 1 in April, on the basis of a monthly poll of property surveyors.
A positive number means more respondents saw values increase rather than decline. Measures of new buyer enquiries and newly agreed sales reached levels last seen in 2009.
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