Market comment - First rise in RICS housing survey since January

Davy Research
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The UK Royal Institute of Chartered Surveyors (RICS) housing survey released overnight points to a still subdued housing market despite the first reported rise in house prices since January. New instructions to sell rose on the month, but buyer enquiries continued to contract while price expectations were flat for the coming quarter. This gives us confidence in our forecast for UK house prices to see a 1% rise through 2018.