Royal Institution of Chartered Surveyors' monthly house price balance dropped to -8 in May

  • expected -4
  • from -3 in April
  • weakest since July 2024

RICS analyst comment:

  • "Sentiment across the UK residential property market remains somewhat subdued, with ongoing uncertainty around global trade policies and the dampening effect of transactions being brought forward ahead of the Stamp Duty changes at the end of March continuing to weigh on buyer activity"
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Royal Institution of Chartered Surveyors' monthly house price balance measures the difference between the percentages of surveyors seeing rises and falls in prices over the past three months.

Source: Forex Live