Royal Institution of Chartered Surveyors
Headlines via Reuters:
- UK RICS survey shows London house price balance weakest since 2009
- RICS says most regions displaying flat to negative trend for house demand and sales
- Says near-term price expectations measure falls to -11 pct in October from -8 pct in September, weakest in London
More:
- House prices in Britain are no longer rising and are falling in London at their fastest pace since 2009
- Royal Institution of Chartered Surveyors citing political worries and last week's Bank of England interest rate hike
- RICS's saying most regions were starting to see a drop in sales, following the trend in London
- The fall in sales mirrored a recent slide in demand from buyers and suggested sales would fall over the next 12 months
- RICS' gauge of price expectations for the next three months fell in October to -11 from -8
- With the exception of a sharp dip in June 2016 - the month of the Brexit vote - this was the weakest reading since mid-2012
RICS chief economist Simon Rubinsohn
- "A stagnant second-hand market is bad news for the wider economy, not just in terms of spending but also because it restricts mobility"
