Brexit Delay Gives Some Relief To UK Housing Market: RICS

www.oann.com | 6/3/2015 | Staff
Coraav (Posted by) Level 3
LONDON (Reuters) – Britain’s Brexit-battered housing market steadied in May and a measure of prices improved as the delay in the country’s European Union exit gave some encouragement to buyers, a survey showed on Thursday.

The Royal Institution of Chartered Surveyors (RICS) house price measure – the difference between members reporting price rises and falls – improved to -10 from -22 in April.

Reading - October - Forecast - -21 - Reuters

That was its highest reading since October and was stronger than the median forecast of -21 in a Reuters poll of economists.

There were also signs of improvement in agreed sales and new instructions, but there was little sign of a pickup in transactions any time soon, RICS said.

Insight

“Much of the anecdotal insight...
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