This data points does not tend to move the FX needle, but sticking it in the background info file
May is -3%
- expected -5%, prior -7%, revised from -8%
More, this via Reuters:
- house price balance rose to -3 from -7 in April, once again dragged down by a weak market in London and echoing other measures of British house prices.
- A measure of new properties coming on to the market turned positive for the first time in 27 months.
- However, RICS said its survey was consistent with a generally flat month for price changes and inventory levels remained near record lows. "Against this backdrop, it is likely that the headline picture regarding activity in the housing market will remain subdued for some months to come," Simon Rubinsohn, RICS's chief economist
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Royal Institution of Chartered Surveyors house price data measures the percentage of surveyors reporting a house price increase in their designated area.
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As a ps, we got NZ house price data earlier from REINZ:
Median house prices (SA) +4.5% y/y in May (+1.1% m/m)
house sales for May +1.3% y/y, prior +6.6%
