RICS House Price Balance for June: 53% (expected 55%)
- prior was 56%, revised down from 57%
- Junes result is the lowest since March 2013
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.
Today’s survey result reflecting further gentle cooling in the UK property market. Cable barely budged on the release, maybe a pip or three lower.
