Royal Institution of Chartered Surveyors (RICS) measures the percentage of surveyors reporting a house price increase in their designated area.
For November, comes in at 0% for its lowest since March of 2013
- expected 0%, prior 1%
- At 0% is means an even split reporting price rises compared with three months ago and those seeing falls
Via Reuters:
- British house prices flat for the first time in more than four years during the past three months
- falling prices in London and nearby areas dragged down the national average
- tax changes and concerns about Brexit dented demand in central London in particular
- RICS members expect prices to fall over the next three months - though less sharply than they thought a couple of months ago - and now expect prices to rise over the next year
- Prices in eastern and northeast England also fell
- solid gains in Wales, Northern Ireland and northwest England
