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 likely undermining the recent
improvement in activity,”