UK data - RICS house price balance for May is 73 (vs. prior 80)

  • The survey measures the percentage of surveyors reporting a house price increase in their area.

Royal Institution for Chartered Surveyors (RICS) monthly house price balance.

In May it comes in at +73 from April's +80.

More:

  • 12 month house price expectations are at their lowest since January of 2021
  • new buyer enquiries in May -7 from April's +8, the first negative reading in 9 monhts

Data comes via Reuters.

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The UK is being slammed by surging inflation, rapidly rising Bank of England interest rates and Brexit-related slumps in trade and industry.

Politics too - the Prime Minister survived a vote of no confidence earlier this week so perhaps this can be put to bed for a little while.

Boris Johnson in Parliament Feb 24 2022

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