UK home prices rise at slowest pace in a year
Poll shows interest rate speculation may have dampened buyer confidence
[LONDON] British house prices rose at the slowest pace in a year in August, according to a survey on Thursday that suggested speculation about higher interest rates has dampened buyer confidence.
The Royal Institution of Chartered Surveyors' monthly house price balance fell to +40 last month, its lowest level since last August, and falling short of forecasts for +47 in a Reuters poll of economists. July was revised down slightly to +48.
Agreed sales fell for the first time since September 2012 and there was a second consecutive fall in buyer inquiries.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Airbnb forecasts weaker Q2 revenue despite robust demand for international travel
US 30-year mortgage rate falls for first time since March
Government probes ‘misleading’ and ‘unrealistic’ resale listings for S$2 million HDB flats
German commercial property prices drop 9.6% in Q1
Swedish home prices swell with buyers expecting rate cuts
Blackstone, Starwood split on commercial property market risks