British House Price Measure Registers Highest Level Since October - Forex News by FX Leaders
British house prices

British House Price Measure Registers Highest Level Since October

Posted Thursday, June 13, 2019 by
Arslan Butt • 1 min read

As Brexit gets delayed to October, UK’s housing market has received some much needed relief in May. According to data released by Royal Institution of Chartered Surveyors (RICS), the measure of house prices has climbed higher to -10 in May from -22 in April.

This figure measures the difference between price rises and falls reported by members and typically offers a six-month lead over other ways to measure house price inflation. It touched the highest level in May after October 2018, and beat expectations which were for -21.

Britain’s housing market has suffered significantly since the Brexit referendum in June 2016. During that month, the house price measure was +19, and has declined since then into negative territory.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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