UK data - house price indicator from RICS hits a 14 year lowRoyal 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"
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: UK data - house price indicator from RICS hits a 14 year low (https://www.forexlive.com/news/uk-data-house-price-indicvator-from-riucs-hits-a-14-year-low-20230913/)
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