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.