RICS house price balance positive for the first time since October 2022 ...Middle East

forex live - News
RICS house price balance positive for the first time since October 2022
The Royal Institution of Chartered Surveyors main house price balance measures the difference between surveyors seeing falls and rises in house pricesIt rose to +11 in Septemberexpected +4August was 0the September move into positive territory is the first since October 2022 sales and enquiries also roseRICS comment: "A further unwinding in monetary policy is anticipated over the months ahead, which should create a more favourable backdrop for the market moving forward"This is in reference to the the Bank of England's benchmark Bank Rate now at 5% after August's first reduction in borrowing costs in four years. the BoE next meet in November 7 and a further 25bp rate cut is expected.

Hence then, the article about rics house price balance positive for the first time since october 2022 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( RICS house price balance positive for the first time since October 2022 )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News


Latest News