UK RICS measure of house prices rose to its highest since October 2022

Royal Institution of Chartered Surveyors (RICS) data:

• House price balance in February -10% vs. -18% in January
• New buyer enquiries +6 in February, the
  same as January, and the
  joint-strongest reading since February 2022.

RICS on the results:

• “The near-term outlook is still somewhat cautious
  reflecting, in part, the suspicion that the recent easing in
  mortgage rates is likely to stall on the back of ongoing
  uncertainty about the timing and speed of interest rate
  reductions”

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This article was written by Eamonn Sheridan at www.forexlive.com.