RICS survey shows UK house price could stabilise after a further fall - MoneyWeek
The RICS Housing Market Survey is arguably Britain's best house price predictor. It's a monthly measure of how many surveyors are seeing UK house prices rise compared with those reporting falls. The survey moves in very clear cycles, positive to negative and vice versa.
What's the latest?
January's balance was -26, i.e. 26% more surveyors saw prices falling than rising. Though still not great, that's a better than the last few months, as the chart shows. But price expectations over the next three months continue to fall. Meanwhile February's Halifax three-monthly house price index saw a 2.9% year-on-year drop.
What does this mean for UK house prices ? .....
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