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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”

Sort of house related

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

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