British house prices rises slowed somewhat in April, a survey showed on Thursday, tempering a surge in property values that has stirred talk of a bubble and raised concern at the Bank of England.
The Royal Institution of Chartered Surveyors’ (RICS) seasonally adjusted house price balance eased last month to +54 from +57 in March, below a +56 forecast in a Reuters poll, though it remains close to November’s 11-year high of +58.
The survey contrasts with data from mortgage lender Nationwide last week which showed British house prices posting their biggest annual rise since the start of the financial crisis in April. Both house prices and broader market activity rose in every area of Britain, with RICS members saying they were at their busiest since February 2008.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at email@example.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.