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    09.06.2016 14:20 RICS house price balance for the U.K. drops to +19% in May

    09.06.2016 14:20

    RICS house price balance for the U.K. drops to 19% in May

     

    The Royal Institution of Chartered Surveyors' (RICS) released its house price data for the U.K. on late Wednesday evening. The monthly house price balance fell to 19% in May from 39% in April. It was the lowest level since November 2012.

     

     

    April's figure was revised down from 41%.

     

     

    The RICS noted that the decline was driven by the impact of Stamp Duty changes and uncertainty around the EU referendum.

     

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