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UK housing market strengthens in February, RICS survey shows

From nasdaq.com

Britain's housing market picked up in February but property surveyors said uncertainty over the Bank of England's interest rates path could temper demand, a closely watched industry survey showed on Thursday. The Royal Institution of Chartered Surveyors (RICS) gauge of new buyer enquiries rose to a net balance of +6 last month, the same as a downwardly revised +6 in January, and marking the joint-strongest reading since February 2022. Its measure of house prices, while still negative, rose to its highest since October 2022 at -10% from -18% in January. Economists polled by Reuters had pointed to a reading of -11%. ... (full story)

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