RICS Housing Price Balance

The RICS Housing Price Balance survey released by the Royal Institution of Chartered Surveyors presents housing costs in the UK. It shows the strength of the UK housing market, which can be considered as the economy as a whole, as the housing market is sensitive to the business cycle. A high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or bearish).

Most recent - Wednesday 8 May 2024 23:01

Previous
-4%
Revised
-5%
Forecast
-2%
Actual
-5%

Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.

Next event - Wednesday 12 June 2024 23:01

Previous
-
Forecast
-
Actual
-

The typical/expected market impact of this event is low.

There is no forecast value for RICS Housing Price Balance yet - check back for updates.

Trading range

Forecast history

The most recent announced value for RICS Housing Price Balance was -5% against a forecast of -2%.

Past events

Date
Forecast
Actual
Wednesday 8 May 2024 23:01
-2%
-5%
Wednesday 10 April 2024 23:01
-6%
-4%
Thursday 14 March 2024 00:01
-11%
-10%
Thursday 8 February 2024 00:01
-25%
-18%
Thursday 18 January 2024 00:01
-34%
-30%
Thursday 14 December 2023 00:01
-57%
-43%
Thursday 9 November 2023 00:01
-65%
-63%
Wednesday 11 October 2023 23:01
-63%
-69%
Wednesday 13 September 2023 23:01
-56%
-68%
Wednesday 9 August 2023 23:01
-50%
-53%
Wednesday 12 July 2023 23:01
-34%
-46%
Wednesday 7 June 2023 23:01
-38%
-30%
Wednesday 10 May 2023 23:01
-40%
-39%
Wednesday 12 April 2023 23:01
-48%
-43%
Thursday 9 March 2023 00:01
-49%
-48%
Thursday 9 February 2023 00:01
-33.6%
-47%
Thursday 19 January 2023 00:01
-30%
-42%
Thursday 8 December 2022 00:01
-
-25%
Thursday 10 November 2022 00:01
20%
-2%
Wednesday 12 October 2022 23:01
58.3%
32%
Wednesday 7 September 2022 23:01
61%
53%
Wednesday 10 August 2022 23:01
60%
63%
Wednesday 13 July 2022 23:01
70%
65%
Wednesday 8 June 2022 23:01
76%
73%
Wednesday 11 May 2022 23:01
70%
80%
Wednesday 13 April 2022 23:01
75%
74%
Thursday 10 March 2022 00:01
73%
79%
Thursday 10 February 2022 00:01
68%
74%
Thursday 20 January 2022 00:01
69%
69%
Thursday 9 December 2021 00:01
65%
71%
Thursday 11 November 2021 00:01
68%
70%
Wednesday 13 October 2021 23:01
68%
68%
Wednesday 8 September 2021 23:01
75%
73%
Wednesday 11 August 2021 23:01
79.3%
79%
Wednesday 7 July 2021 23:01
77%
83%
Wednesday 9 June 2021 23:01
77%
83%

Economic context

Recent economic data has been moderately bearish for GBP. Other recent announcements which may affect the market's interpretation of the next RICS Housing Price Balance result:

PreviousLatest
Average Earnings Excluding Bonus (3Mo/Yr)(no change)6%6%
Average Earnings Including Bonus (3Mo/Yr)(no change)5.7%5.7%
Claimant Count ChangeBearish change-2.4K8.9K
Claimant Count Rate(no change)4.1%4.1%
Employment ChangeBearish change-156K-177K
ILO Unemployment Rate (3M)Bearish change4.2%4.3%
Gross Domestic Product (MoM)Bullish change0.2%0.4%
Gross Domestic Product (QoQ)Bullish change-0.3%0.6%
Gross Domestic Product (YoY)Bullish change-0.2%0.2%
Industrial Production (MoM)Bearish change1%0.2%
Manufacturing Production (MoM)Bearish change1.2%0.3%
Manufacturing Production (YoY)Bearish change2.6%2.3%
BoE MPC Vote Rate CutBearish change12
BoE MPC Vote Rate Hike(no change)00
BRC Like-For-Like Retail Sales (YoY)Bearish change3.2%-4.4%

About RICS Housing Price Balance

Country:United Kingdom
Currency:GBP
Source:Royal Institution of Chartered Surveyors
Category:Housing Market
Frequency:Monthly

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