UK RICS data rose to -30 in December from -41 in November
The UK's Royal Institution of Chartered Surveyors (RICS) house price balance, which measures the gap between the percentage of surveyors seeing rises and falls in house prices, rose to -30 in Decemberexpected -34-41 in November RICS measure of new buyer enquiries rose to a net balance of -3 in Decemberts least negative since April 2022from November -13Agreed home sales increased to -6 in December, the highest reading since March 2022 Tarrant Parsons, senior economist at RICS: "Supported by an easing in mortgage interest rates of late, buyer demand has now stabilised, and this is expected to translate into a slight recovery in residential sales volumes over the coming months"Info via Reuters Not a GBP mover This article was written by Eamonn Sheridan at www.forexlive.com.
The UK's Royal Institution of Chartered Surveyors (RICS) house price balance, which measures the gap between the percentage of surveyors seeing rises and falls in house prices, rose to -30 in December
- expected -34
- -41 in November
RICS measure of new buyer enquiries rose to a net balance of -3 in December
- ts least negative since April 2022
- from November -13
Agreed home sales increased to -6 in December, the highest reading since March 2022
Tarrant Parsons, senior economist at RICS:
- "Supported by an easing in mortgage interest rates of late, buyer demand has now stabilised, and this is expected to translate into a slight recovery in residential sales volumes over the coming months"
Info via Reuters
Not a GBP mover This article was written by Eamonn Sheridan at www.forexlive.com.
