RICS House Price Balance,
Definition of RICS House Price Balance:
The RICS Housing Price Balance survey reflects the strength of the U.K. housing market. The press, economists, and investors often pay a lot of attention to the figures RICS publishes, mainly because they can tell us what direction one of the world's strongest economies might be heading in.
The RICS House Price Balance is an indicator of the expected monthly change in house prices in the United Kingdom. The RICS House Price Balance, published by the Royal Institute of Chartered Surveyors (RICS), is based on opinions about housing price trends from a sample of U.K.-based property surveyors and is included in the RICS monthly Housing Market Survey.
A figure derived from the number of surveyors indicating a increase in housing prices less those indicating a decline which provides a gauge for the strength of the housing market and the economy in the UK. The figures are developed from the results of a monthly survey conducted by the Royal Institution of Chartered Surveyors.
How to use RICS House Price Balance in a sentence?
- The RICS House Price Balance is an indicator of the expected monthly change in house prices in the United Kingdom.
- The RICS House Price Balance can give us a good idea of how much money consumers are likely to spend boosting the British economy.
- The housing price balance figure is calculated as the proportion of surveyors reporting a rise in housing prices minus the proportion reporting a fall in prices.
Meaning of RICS House Price Balance & RICS House Price Balance Definition