GBP: Weakest house price balance in 4 months

The Royal Institution of Chartered Surveyors (RICS) house price balance survey, which measures the gap between people seeing rises and falls in house prices, fell to -46 in June from -30 in May. Chief economist at RICS, Simon Rubinsohn said, “The latest increase in interest rates and the impact this has already had on mortgage rates is clearly visible in buyer enquiries, sales and prices which have all retreated over the past month.”

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