Royal Institution of Chartered Surveyors (RICS) House Price Balance
- British house prices hit a seven-month high in November
- However, the number of prospective buyers remains low
- Recovery in the market is likely to be modest given the uncertain outlook for Britain's economy
- Prices rose in most regions but fell in London albeit at a slower pace than in recent months
- Expectations for price increases in the capital over the coming year remained low as higher taxes on buy-to-let investors and on expensive properties continued to weigh
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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.
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Also ... A separate report released on Thursday by the Recruitment and Employment Confederation showed firms hired permanent staff in November at the fastest pace since February
- Hiring of temporary staff also increased
- Permanent starting salaries rose at their fastest rate in six months
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GBP trading a few points higher against the USD.
The again, so is EUR, CHF AUD and especially NZD.
