Royal Institution of Chartered Surveyors (RICS)

Comes in at 8%

  • expected -1%
  • prior 0%

More detail, via Reuters:

  • The Royal Institution of Chartered Surveyors (RICS) said on Thursday that its monthly house price index rose to +8 in December from zero in November, which had been its lowest reading since March 2013.
  • British house price growth has slowed over the past year... This largely reflects weakness in London and surrounding areas, with bigger price rises in most of the rest of the United Kingdom.
  • "Challenges over affordability may have grown across the UK but they are clearly having a bigger impact in some parts of the country than others," said RICS's chief economist, Simon Rubinsohn.
  • Over the next 12 months, property prices are expected to rise everywhere except London, and expectations for sales over the coming year are more bullish in all regions.