Royal Institution of Chartered Surveyors (RICS) house
price balance
- measures the difference between the
percentage of surveyors seeing rises and falls in house prices - fell to -68 in August (expected was -56, from -55 in July), weakest since February 2009
Chief economist at RICS:
- a sluggish housing market with little sign of relief
in prospect - “Prices are continuing to slip albeit that the relatively
modest fall to date needs to be seen in the context of the
substantial rise recorded during the pandemic period”