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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
UK Dec House Price Survey Points To Marginal Increases: RICS
-UK Oct-Dec House Price Balance +8% Vs 0 in Nov
By David Robinson
LONDON (MNI) - UK house prices rose on balance in December after turning
flat in November, a survey by the Royal Institution of Chartered Surveyors
found.
The headline October through December house price balance rose to +8 in
December from zero in November. The price balance for house prices in the three
months ahead fell to -6% from -4%.
The RICS survey gives balances of those property surveyors reporting and
expecting price increases, and is a measure of the dispersion of house price
moves rather than their magnitude.
RICS said its data were compatible "with a marginal increase in prices
nationally ... over the coming months."
Activity indicators, measuring properties coming on to the market and
completed sales, were either flat or a touch negative, suggesting the market is
still cooling.
New instructions to sell fell for the 23rd consecutive month while stocks
of properties on surveyors' books were little changed.
--MNI London Bureau; tel: +44 203-586-2223; email: david.robinson@marketnews.com
--MNI London Bureau; +44 203-586-2226; email: jamie.satchithanantham@marketnews.com
[TOPICS: MABDS$,M$B$$$,M$E$$$]
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.