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

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  • 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


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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)