Market comment - UK RICS house price balance falls to six-year low

Davy Research
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This morning’s UK RICS housing survey points to a further deterioration in conditions. The price balance fell to -10%, a six-year low, weakest in London and the South East, with expectations also negative at -16%. Notably, new buyer enquiries are falling uniformly across the UK regions, suggesting that price resilience in some areas may be temporary.