The Royal Institution of Chartered Surveyors (RICS), a closely watched industry survey, showed on Thursday, looming Brexit uncertainty is likely to weigh negative on the UK house prices and property sales over the next three months.
“RICS said its headline price balance for August rose to -4 from -9 in July, bucking economists’ average expectation in a Reuters poll for a further decline to -11.
But RICS members’ outlook for the next three months - during which period Britain is scheduled to leave the European Union - grew darker.
Sales volumes expectations for the next three months dropped to -23 from -4, while short-term expectations for prices declined to -24 from -13.
RICS also noted continued strong demand from tenants at the national level, combined with fewer landlords listing property to rent.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.