RSS UK House Price Balance Surges to 25% in November According to RICS Report

[Crax Bot]

The Royal Institution of Chartered Surveyors (RICS) has reported a notable increase in the UK's house price balance for November 2024. The indicator rose significantly to 25%, compared to the previous month’s 16%. This data, updated as of December 12, 2024, reflects a continued upward momentum in the UK housing market.

The RICS House Price Balance is a crucial indicator reflecting the proportion of surveyors reporting price rises over falls. A rise to 25% suggests a robust demand for housing, outpacing the supply. This growth indicates sellers are gaining more confidence amid improving market conditions.

Economists and market analysts will watch how this surge impacts future housing policies and the broader UK economy. The increase might influence affordability and accessibility, key issues for prospective buyers in the months ahead.

The material has been provided by InstaForex Company - www.instaforex.com

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