UK data - RICS House Price Balance September: 6% (expected 4%, prior 6%)

Author: Eamonn Sheridan | Category: News

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

More (via Reuters):
RICS chief economist Simon Rubinsohn:
  • Says there was a big difference between London and southeastern England - where prices are falling and expected to decline further - and most of the rest of the United Kingdom, where prices are rising.
  • "We are continuing to see evidence of shortage of stock," Rubinsohn said. "Against such a backdrop, prices are likely to remain elevated and ... continue to rise over the medium term in most parts of the country."
  • Both the number of sales and enquiries by new buyers fell at the fastest rate since July 2016. "In part, this is a reflection of affordability constraints hitting the higher priced segments of the market. It is perhaps also indicative of ... the increasing possibility of the first hike in base rates in over ten years," Rubinsohn said.

This data point generally has little immediate GBP impact ... and sure enough GBP doing very little
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