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UK data – house price indicator from RICS hits a 14 year low | Forexlive

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”