UK monthly house price gauge in November hits its highest level since September 2022

Royal Institution of Chartered Surveyors (RICS) monthly house price gauge

• to +25 in November, its highest level since September 2022
• from +16 in October

Reuters add comments:

• “Although the latest survey results continue to signal a
  steady improvement in buyer demand across the residential
  market, the broader macro environment is likely to pose
  additional headwinds moving forward,” RICS senior economist
  Tarrant Parsons said.
  “The recent rise in mortgage interest rates may curtail the
  recovery in market activity before long, and this is reflected
  in the slightly less optimistic sales expectations data coming
  through this month,”

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