RICS House Price Balance for December: +11%

  • prior 13%
  • expected 10%

Comments from the report:

  • The UK housing market continued to cool in December
  • No sign of a positive reaction to the recent changes in property taxes, which are expected to reinvigorate demand
  • House price inflation was less widespread in the three months through December
  • New buyer enquiries fell once again
  • An increasing number of property surveyors expect prices to rise again over the coming months … with a net 15% expected house price rises over the next 3 months, up from 4% in November

The Royal Institution of Chartered Surveyors (RICS) House Price Balance measures the percentage of surveyors reporting a house price increase in their designated area. A level above 0.0% indicates more surveyors reported a rise in prices; below indicates more reported a fall.