RICS House Price Balance for September
Comes in at a much lower than expected 44%, and a sharp drop from the August figure (at 53%) which was the highest in more than 12 months
- expected 55%, prior was 53%
Comments from RICS on the report:
- Say a shortage of properties for sale
- Activity in market picked up ... number of sales at fastest pace since May on 2014
GBP is unchanged.
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.