Royal Institution of Chartered Surveyors (RICS) House Price Balance
For January %
- expected 52%
- prior 49 revised from 50%
Comments from RICS:
- Demand for housing remains buoyant, they cite tight supply, record employment, cheap rates
- Expect buy-to-let investors boosted demand before April's tax rise
-
- Measures the percentage of surveyors reporting a house price increase in their area
- A level above 0.0% indicates more surveyors reported a rise in prices; below indicates more reported a fall
-
In other GBP-related matters, the Confederation of British Industry has cut its forecast for 2016 GDP to 2.3% (from 2.6) and for 2017 to 2.1% (from 2.4)