FOREX TradingCharts.com

Financial News: UK House Prices Increase At Fastest Pace Since

UK House Prices Increase At Fastest Pace Since 2016: RICS

09/10/2020 - 02:42:00 (RTTNews)

(RTTNews) - UK house prices increased at the strongest pace since 2016 as almost all regions logged price increases, survey data from the Royal Institution of Chartered Surveyors, or RICS, showed Thursday.

The house price balance rose to +44 percent in August, the highest reading since 2016, from +13 percent registered in July. The expected balance was +25 percent. This marked a dramatic turnaround compared to the reading of -33 percent registered back in May. The agency said virtually all parts of the UK are now seeing prices increase to a greater or lesser degree. London was the only exception.

Enquiries, sales and new instructions all continued to rise firmly in August, the survey showed.

The pandemic was expected to cause a lasting shift in the desirability of certain property characteristics, as 83 percent of respondents anticipate demand increasing for homes with gardens over the next two years. A net balance of 63 percent of contributors reported an increase in buyer interest during August. Further, about 46 percent of participants said new instructions being listed onto the sales market continued to rise.

A strong growth in agreed sales was cited for a third successive month, with a net balance of +61 percent of contributors seeing a pick-up.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Leading Economic Index Suggests Rebound May Be Losing Stream (12 hr(s), 0 min(s),52 sec(s) ago)
(RTTNews) - A report released by the Conference Board showed a continued increase by its reading o ...Full Story»

U.S. Consumer Sentiment Improves Much More Than Expected In September (12 hr(s), 13 min(s), 52 sec(s) ago)
(RTTNews) - After reporting an unexpected increase in U.S. consumer sentiment in the previous mont ...Full Story»

Italy Current Account Surplus Rises For First Time Since April (12 hr(s), 42 min(s), 52 sec(s) ago)
(RTTNews) - Italy's current account surplus increased for the first time in four months in Jul ...Full Story»

Croatia Jobless Rate Steady At 9% In August (13 hr(s), 13 min(s), 52 sec(s) ago)
(RTTNews) - Croatia's unemployment rate remained unchanged in August after easing in the previ ...Full Story»

Poland's Industrial Output Rises Less Than Expected (14 hr(s), 03 min(s), 52 sec(s) ago)
(RTTNews) - Poland's industrial production grew less than expected in August, data from Statis ...Full Story»

Russia's Central Bank Keeps Rate On Hold (15 hr(s), 26 min(s), 52 sec(s) ago)
(RTTNews) - Russia's central bank left its key interest rate unchanged at a record low as wide ...Full Story»

Italy's Industrial Orders Rise In July (16 hr(s), 38 min(s), 52 sec(s) ago)
(RTTNews) - Italy's industrial orders and turnover increased for the third consecutive month i ...Full Story»

Eurozone Current Account Surplus Falls In July (16 hr(s), 52 min(s), 52 sec(s) ago)
(RTTNews) - The euro area current account surplus declined in July due to a fall in primary income ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Suggests Rebound May Be Losing Stream

09/18/2020 - 10:27 AM (RTTNews)
(RTTNews) - A report released by the Conference Board showed a continued increase by its reading o ...Full Story>>

U.S. Consumer Sentiment Improves Much More Than Expected In September

09/18/2020 - 10:14 AM (RTTNews)
(RTTNews) - After reporting an unexpected increase in U.S. consumer sentiment in the previous mont ...Full Story>>

Italy Current Account Surplus Rises For First Time Since April

09/18/2020 - 09:45 AM (RTTNews)
(RTTNews) - Italy's current account surplus increased for the first time in four months in Jul ...Full Story>>

Croatia Jobless Rate Steady At 9% In August

09/18/2020 - 09:14 AM (RTTNews)
(RTTNews) - Croatia's unemployment rate remained unchanged in August after easing in the previ ...Full Story>>

Poland's Industrial Output Rises Less Than Expected

09/18/2020 - 08:24 AM (RTTNews)
(RTTNews) - Poland's industrial production grew less than expected in August, data from Statis ...Full Story>>

Do not sell my personal information

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.