UK House Price Balance Declines In March: RICS

UK house price balance declined sharply in March and prices are expected to fall further as lockdown to contain the spread of coronavirus, or COVID-19 weighed on property market, the Royal Institution of Chartered Surveyors said Thursday.

The house price balance fell to +11 percent from +29 percent in February. The expected level was +10 percent.

The net balance of surveyors' expecting fall in house prices came in at -82 percent in March compared to 21 percent forecasting an increase in February.

The legacy of COVID-19 could be such that any return to what might be described as 'normality' in the economy will take time, RICS Chief Economist Simon Rubinsohn said.

Surveyors urged government to introduce stamp duty holidays to support the property market. 

1 view
Logo

MONEY
MOVING

by WooHoo Ireland

+353-214-651-000

Woooo Fx Education

Camden Street Lower, St Kevin's, Dublin 2, Ireland D 02 XE 80 | +353-214-651-000 |info@woohooai.com

currency hedger logo_small.png
woohoo fx eu_gdpr_compliant_logo.png

Trading in leveraged currency contracts comes with substantial risk. You must be aware of these risks before opening an account to trade. High leverage amplifies gains as well as losses, leading to potential loss of the entire account balance. Trading in leveraged currency contracts may not be suitable for every investor. Never speculate using money that you cannot afford to lose.

© 2019 by WoOHOo Fx. Proudly created with WoOHoO AI Ireland

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram