UK - RICS house price balance for July, +1%
- expected 9%, prior 7%
- lowest since March 2013
More from he Royal Institution of Chartered Surveyors (RICS) said its monthly house price balance (these via Reuters):
- British house prices rose at their slowest rate in over four years last month
- Number of sales slowed due to a limited supply of property and continued political uncertainty
- outlook for prices over the next 12 months was also the weakest since just after last year's vote to leave the European Union
- Outright price falls seemed unlikely at a national level
- "There is no real indication that the housing market will become materially more affordable anytime soon," RICS chief economist Simon Rubinsohn
- The number of houses being put up for sale fell for a 17th consecutive month in July
- "Sales activity in the housing market has been slipping in the recent months and the most worrying aspect of the latest survey is the suggestion that this could continue for some time to come," RICS chief economist Simon Rubinsohn
- "The lack of new build in the wake of the financial crisis is a fundamental factor weighing on (transactions)."
