Track the UK RICS House Price Balance to gauge housing market trends and inflation signals.
This serves as a key indicator of housing inflation since surveyors possess the latest price data through their profession. The data reflects the percentage of surveyors who report an increase in prices within their specific area. A figure above 0.0% suggests that more surveyors have noted a rise in prices, while a number below indicates a decline.
What it Measures
This is a diffusion index level based on feedback from surveyed property surveyors.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it is viewed positively for the currency.
Source & Frequency
RICS (latest release) - https://www.rics.org/ • This data is released monthly, approximately 11 days after the end of the month.
How Data is Derived
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Also Known As
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Acronym
Royal Institution of Chartered Surveyors (RICS)