The UK’s Royal Institution of Chartered Surveyors (RICS) house price balance, which measures the gap between the percentage of surveyors seeing rises and falls in house prices, rose to -30 in December
- expected -34
- -41 in November
RICS measure of new buyer enquiries rose to a net
balance of -3 in December
- ts least negative since April 2022
- from November -13
Agreed home sales increased to
-6 in December, the highest reading since March 2022
Tarrant Parsons, senior economist at RICS:
- “Supported by an easing in mortgage interest rates of late,
buyer demand has now stabilised, and this is expected to
translate into a slight recovery in residential sales volumes
over the coming months”
Info via Reuters
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