UK data shows home buyer net enquiry balance highest since May last year

UK RICS House Price Balance May: -30%

• expected -38, prior -39
• RICS' house price balance, which measures the difference between the percentage of surveyors seeing rises and falls in house prices

The Royal Institution of Chartered Surveyors' (RICS) measure of new buyer enquiries rose to a net balance of -18

• the least negative figure since -14 in May 2022
• up from -34 in April

RICS commentary after the results, further out not looking bright:

• "It seems storm clouds are gathered, with the UK's stubbornly high inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term likely undermining the recent improvement in activity,"