UK data-RICS House Price Balance for September: 44% (expected 55%)

RICS House Price Balance for September

Comes in at a much lower than expected 44%, and a sharp drop from the August figure (at 53%) which was the highest in more than 12 months

• expected 55%, prior was 53%

Comments from RICS on the report:

• Say a shortage of properties for sale
• Activity in market picked up ... number of sales at fastest pace since May on 2014

GBP is unchanged.

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The Royal Institution of Chartered Surveyors (RICS) House Price Balance measures the percentage of surveyors reporting a house price increase in their designated area. A level above 0.0% indicates more surveyors reported a rise in prices; below indicates more reported a fall.