GBP RICS House Price Balance
It's a leading indicator of housing inflation because surveyors have access to the most recent price data by virtue of their job;
Data represents the percentage of surveyors reporting a price increase in their designated area. Above 0.0% indicates more surveyors reported a rise in prices, below indicates more reported a fall;
- GBP RICS House Price Balance Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 12, 2024 | -17% | -5% | -7% |
May 8, 2024 | -5% | -2% | -5% |
Apr 10, 2024 | -4% | -6% | -10% |
Mar 13, 2024 | -10% | -10% | -19% |
Feb 7, 2024 | -18% | -22% | -29% |
Jan 17, 2024 | -30% | -35% | -41% |
Dec 13, 2023 | -43% | -57% | -61% |
Nov 8, 2023 | -63% | -65% | -67% |
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- GBP RICS House Price Balance News
- From rics.org|Jun 12, 2024
The May 2024 RICS UK Residential Survey results are symptomatic of a slight setback for the sales market over the month, with most of the indicators tracked deteriorating to a certain extent. This appears to be linked to the recent scaling back in expectations around the degree of monetary policy loosening likely to be pushed through by the Bank of England during the second half this year. Nevertheless, respondents still foresee a modest recovery in residential sales volumes getting back on track over the months ahead. For the ...
- From rics.org|May 8, 2024
The April 2024 RICS UK Residential Survey results show the recent recovery in buyer demand stuttering slightly, with the market seemingly impacted by the slight upward move in mortgage rates over the past few weeks. Nevertheless, forward-looking sentiment continues to point to a stronger picture for sales market activity coming through over the next twelve months. With respect to new buyer enquiries, the headline net balance for this indicator softened to -1% in April, down from a reading of +6% previously. As such, this brings to an ...
- From nasdaq.com|Mar 13, 2024
Britain's housing market picked up in February but property surveyors said uncertainty over the Bank of England's interest rates path could temper demand, a closely watched industry survey showed on Thursday. The Royal Institution of Chartered Surveyors (RICS) gauge of new buyer enquiries rose to a net balance of +6 last month, the same as a downwardly revised +6 in January, and marking the joint-strongest reading since February 2022. Its measure of house prices, while still negative, rose to its highest since October 2022 at -10% ...
- From bnnbloomberg.ca|Feb 7, 2024
Britain’s residential property market is picking up steam, with a jump in both the number of people looking to buy a home and record numbers considering a sale. The findings in two separate surveys indicate an improvement in confidence about the outlook for prices after mortgage rates eased from a 15-year-high last year. It suggests that the market has firmed up since a slump in mid-2023 and that steady prices or even moderate gains are possible this year. The property portal Rightmove said the number of people getting in touch with ...
- From rics.org|Jan 17, 2024
The December 2023 RICS UK Residential Survey results signal another gradual improvement in market sentiment over the month. Indeed, likely driven by the continued easing in mortgage interest rates during recent weeks, near-term sales expectations moved a little further into positive territory. Meanwhile, the tide seems to be turning with respect to house prices, with contributors now envisaging a largely fl at trend coming through at the twelve-month time horizon. Looking at buyer demand, the headline net balance for the new buyer ...
- From rics.org|Oct 11, 2023
The September 2023 RICS UK Residential Survey results continue to depict a challenging market backdrop, with stretched mortgage affordability still the dominant factor weighing on buyer demand. While the near-term outlook remains relatively downbeat, twelvemonth sales expectations have at least stabilised of late. Perhaps linked to this, anecdotal comments left by contributors suggest that the Bank of England’s decision to pause monetary policy tightening last month has provided a little bit of support to market sentiment. In terms ...
- From rics.org|Sep 13, 2023
The August 2023 RICS UK Residential Survey results again portray a downbeat market backdrop, as buyer demand and agreed sales continue to fall sharply in the face of higher mortgage rates. Alongside this weakness in activity, house prices remain on a downward trajectory, with the latest survey feedback pointing to an acceleration in the pace of decline through August. Looking at the data on home buyer demand, a headline net balance of -47% of respondents reported a decline in enquiries over the month. This is broadly in-line with the ...
- From uk.investing.com|Aug 9, 2023
British house prices saw the most widespread falls since 2009 last month as interest rates hit a 15-year high, while rents surged by the most since 1999 as more landlords sold up, a survey showed on Thursday. The Royal Institution of Chartered Surveyors (RICS) said its house price balance, which measures the difference between the percentage of surveyors reporting price rises and falls, dropped to -53 in July from a downwardly revised -48 for June. This was the lowest reading since April 2009, during the depths of the global ...
Released on Jun 12, 2024 |
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Released on May 8, 2024 |
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Released on Mar 13, 2024 |
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Released on Jan 17, 2024 |
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Released on Oct 11, 2023 |
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Released on Sep 13, 2023 |
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Released on Aug 9, 2023 |
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