RICS house price balance for the U.K. drops to +19% in May

Market news

9 June 2016

RICS house price balance for the U.K. drops to +19% in May

The Royal Institution of Chartered Surveyors' (RICS) released its house price data for the U.K. on late Wednesday evening. The monthly house price balance fell to +19% in May from +39% in April. It was the lowest level since November 2012.

April's figure was revised down from +41%.

The RICS noted that the decline was driven by the impact of Stamp Duty changes and uncertainty around the EU referendum.

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