UK data - house price indicator from RICS hits a 14 year low

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UK data - house price indicator from RICS hits a 14 year low

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"

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: UK data - house price indicator from RICS hits a 14 year low

forexlive.com