FOREX TradingCharts.com

Financial News: UK Housing Market Recovery Gains Further Momentum: RICS

UK Housing Market Recovery Gains Further Momentum: RICS

08/13/2020 - 05:28:00 (RTTNews)

(RTTNews) - UK housing market recovery gained further momentum in July as the stamp duty holiday helped to boost demand, survey data from the Royal Institution of Chartered Surveyors, or RICS, showed Thursday. Nonetheless, respondents were cautious on long term prospects.

A net balance of 75 percent of survey participants reported an increase in buyer enquiries in July. Enquiries bounced again following the lockdown induced fall seen during March to May.

Similarly, new instructions being listed onto the sales market climbed notably, as a net 59 percent reported a growth compared to a net 41 percent in June.

Further, a net balance of +57 percent of respondents nationally posted a rise in agreed sales over the month.

Looking ahead, near term expectations were signaling continued growth in sales over the next three months, with a net balance of +26 percent of contributors anticipating an increase.

But twelve-month sales projections remained negative at 10 percent as caution remained over the reaction of the market once the furlough scheme is phased out in October and the stamp duty holiday expires after March 2021. The survey showed that a net balance of +12 percent of respondents reported an increase in house prices in July versus -13 percent in June. Further, a net 8 percent of contributors expect prices to rise over the next twelve months.

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


Turkey Consumer Confidence Improves In September (01 hr(s), 07 min(s), 06 sec(s) ago)
(RTTNews) - Turkish consumer confidence increased in September after easing sharply in the previou ...Full Story»

South Africa Leading Index Rises In July (01 hr(s), 06 min(s), 06 sec(s) ago)
(RTTNews) - South Africa's leading index increased in July, survey data from the South African ...Full Story»

Denmark Consumer Confidence Falls In September (01 hr(s), 45 min(s), 06 sec(s) ago)
(RTTNews) - Denmark's consumer confidence in September decreased due to the lack of desire to ...Full Story»

Finland Jobless Rate Rises In August (02 hr(s), 34 min(s), 06 sec(s) ago)
(RTTNews) - Finland's jobless rate rose in August, figures from Statistics Finland showed on T ...Full Story»

Dutch Consumer Confidence Improves Slightly In September (03 hr(s), 15 min(s), 06 sec(s) ago)
(RTTNews) - Dutch consumer confidence improved slightly in September, but remained negative, data ...Full Story»

European Economics Preview: Sweden Central Bank Rate Decision Due (05 hr(s), 28 min(s), 06 sec(s) ago)
(RTTNews) - The interest rate announcement from Sweden's central bank is due on Tuesday, headl ...Full Story»

Thai Trade Data Due On Tuesday (33 min(s), 54 sec(s) ago)
(RTTNews) - Thailand will on Tuesday release August figures for imports, exports and trade balance ...Full Story»

South Korea Producer Prices Climb 0.5% In August (27 min(s), 54 sec(s) ago)
(RTTNews) - Producer prices in South Korea were up 0.5 percent on month in August, the Bank of Kor ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

South Africa Leading Index Rises In July

09/22/2020 - 04:24 AM (RTTNews)
(RTTNews) - South Africa's leading index increased in July, survey data from the South African ...Full Story>>

Turkey Consumer Confidence Improves In September

09/22/2020 - 04:23 AM (RTTNews)
(RTTNews) - Turkish consumer confidence increased in September after easing sharply in the previou ...Full Story>>

Denmark Consumer Confidence Falls In September

09/22/2020 - 03:45 AM (RTTNews)
(RTTNews) - Denmark's consumer confidence in September decreased due to the lack of desire to ...Full Story>>

Finland Jobless Rate Rises In August

09/22/2020 - 02:56 AM (RTTNews)
(RTTNews) - Finland's jobless rate rose in August, figures from Statistics Finland showed on T ...Full Story>>

Dutch Consumer Confidence Improves Slightly In September

09/22/2020 - 02:15 AM (RTTNews)
(RTTNews) - Dutch consumer confidence improved slightly in September, but remained negative, data ...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.