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TODAY'S OTHER NEWS

Housing market - steady as she goes, suggests RICS

A more stable trend is now emerging in the UK housing market, according to the latest results for the RICS UK Residential Market Survey.

The survey, out today, shows that in June interest from buyers rose by some 10 per cent, the highest monthly hike since shortly after the 2016 EU referendum; sales, too, showed a rare increase.

RICS’ sentiment measure indicates the difference between members reporting price rises and falls.

The measure improved to -1, the strongest reading since August last year, from a revised -9 in May and RICS suggests this may mean flat prices for the rest of 2019.

Prices in London and south east England continued to fall but rose across the rest of the UK.

"The latest data provides further evidence of the sales market settling down” says Simon Rubinsohn, RICS chief economist.

"But I don't get the impression from the insight provided by contributors that this is fuelling hope of a significantly more active market going forward. Many of the factors that have provided a challenge during the first half of the year remain unresolved."

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