UK data - RICS House price Balance (May): -10% (expected -21%)

Author: Eamonn Sheridan | Category: News

The Royal Institution of Chartered Surveyors (RICS) House Price Balance measures the percentage of surveyors reporting a house price increase in their designated area.

Better than expected at -10 and its highest reading since October last year.
  • expected -21%, prior -22, revised from -23%
RICS:
 "Much of the anecdotal insight provided by respondents is still quite cautious, reflecting concerns about both the underlying political and economic climate," 

Adds Reuters:
  • Brexit-battered housing market steadied in May and a measure of prices improved as the delay in the country's European Union exit gave some encouragement to buyers,


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Does not tend to be a GBP mover upon release. 

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