We monitor competitors to ensure we always offer the highest rates on the net.
United Kingdom GBP

United Kingdom RICS House Price Balance

Impact:
Medium

Latest Release:

Surprise:
2%
| GBP
Actual:
-3%
Forecast: -5%
Previous/Revision:
2%
Period: May 2025

Next Release:

Forecast:
Period: Jun 2025
What Does It Measure?
The RICS House Price Balance measures the difference in the number of respondents reporting an increase in house prices versus those reporting a decrease, providing insight into the housing market's performance in the United Kingdom. This indicator primarily focuses on market sentiment regarding residential property prices, assessing demand and supply dynamics within the housing sector.
Frequency
The RICS House Price Balance is released on a monthly basis, typically published in the first week following the end of the reporting month.
Why Do Traders Care?
Traders monitor the RICS House Price Balance due to its implications for the UK economy, as a rising balance often suggests strengthening housing demand and consumer confidence, potentially influencing the Bank of England's monetary policy. The indicator can also impact financial markets, with positive results generally bullish for the GBP and housing-related stocks, while weaker readings may trigger bearish sentiment.
What Is It Derived From?
The RICS House Price Balance is derived from a survey of chartered surveyors across the UK, where they report on the pricing trends they observe in their local markets. The results are tallied to create a diffusion index, representing the net percentage of respondents reporting price increases versus decreases.
Description
The RICS House Price Balance serves as a leading indicator of housing market trends, reflecting broader economic conditions through the lens of residential property pricing. It provides valuable insight into the health of the housing market, which is significant for overall economic growth and consumer wealth.
Additional Notes
As a leading measure, the RICS House Price Balance closely aligns with other housing indicators, such as mortgage approvals and property transactions, allowing economic analysts to build a comprehensive picture of market trends. The report can also offer insights into future consumer spending, given the strong correlation between housing wealth and discretionary expenditures.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for GBP, Bullish for housing stocks. Lower than expected: Bearish for GBP, Bearish for housing stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
-3%
-5%
2%
2%
2%
8%
11%
-6%
11%
20%
21%
-9%
22%
27%
26%
-5%
28%
27%
24%
1%
25%
19%
16%
6%
16%
11%
11%
5%
11%
4%
0%
7%
1%
-14%
-18%
15%
-19%
-10%
-17%
-9%
-17%
-15%
-17%
-2%
-17%
-6%
-7%
-11%
-5%
-2%
-5%
-3%
-4%
-6%
-10%
2%
-10%
-11%
-18%
1%
-18%
-25%
-29%
7%
-30%
-34%
-41%
4%
-43%
-57%
-61%
14%
-63%
-65%
-67%
2%
-69%
-63%
-68%
-6%
-68%
-56%
-55%
-12%
-53%
-50%
-48%
-3%
-46%
-34%
-30%
-12%
-30%
-38%
-39%
8%
-39%
-40%
-43%
1%
-43%
-48%
-47%
5%
-48%
-49%
-46%
1%
-47%
-50%
-42%
3%
-42%
-30%
-26%
-12%
-2%
20%
30%
-22%
32%
45%
51%
-13%
53%
61%
62%
-8%
63%
60%
65%
3%
61%
71%
73%
-10%
73%
81.2%
80%
-8.2%