RICS Housing Price Balance

The RICS Housing Price Balance survey released by the Royal Institution of Chartered Surveyors presents housing costs in the UK. It shows the strength of the UK housing market, which can be considered as the economy as a whole, as the housing market is sensitive to the business cycle. A high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or bearish).

Most recent - Wednesday 13 May 2026 23:01

Previous
-23%
Revised
-25%
Forecast
-25%
Actual
-34%

Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.

Trading range

Forecast history

The most recent announced value for RICS Housing Price Balance was -34% against a forecast of -25%.

Past events

Date
Forecast
Actual
Wednesday 13 May 2026 23:01
-25%
-34%
Wednesday 8 April 2026 23:01
-18%
-23%
Thursday 12 March 2026 00:01
-9%
-12%
Thursday 12 February 2026 00:01
-11%
-10%
Thursday 15 January 2026 00:01
-16%
-14%
Thursday 11 December 2025 00:01
-21%
-16%
Thursday 13 November 2025 00:01
-14%
-19%
Wednesday 8 October 2025 23:01
-18%
-15%
Wednesday 10 September 2025 23:01
-10%
-19%
Wednesday 13 August 2025 23:01
-5%
-13%
Wednesday 9 July 2025 23:01
-8%
-7%
Wednesday 11 June 2025 23:01
-3%
-8%
Wednesday 7 May 2025 23:01
-
-3%
Wednesday 9 April 2025 23:01
8%
2%
Thursday 13 March 2025 00:01
20%
11%
Thursday 13 February 2025 00:01
27%
22%
Thursday 16 January 2025 00:01
27%
28%
Thursday 12 December 2024 00:01
19%
25%
Thursday 14 November 2024 00:01
11%
16%
Wednesday 9 October 2024 23:01
4%
11%
Wednesday 11 September 2024 23:01
-14%
1%
Wednesday 7 August 2024 23:01
-10%
-19%
Wednesday 10 July 2024 23:01
-15%
-17%
Wednesday 12 June 2024 23:01
-6%
-17%
Wednesday 8 May 2024 23:01
-2%
-5%
Wednesday 10 April 2024 23:01
-6%
-4%
Thursday 14 March 2024 00:01
-11%
-10%
Thursday 8 February 2024 00:01
-25%
-18%
Thursday 18 January 2024 00:01
-34%
-30%
Thursday 14 December 2023 00:01
-57%
-43%
Thursday 9 November 2023 00:01
-65%
-63%
Wednesday 11 October 2023 23:01
-63%
-69%
Wednesday 13 September 2023 23:01
-56%
-68%
Wednesday 9 August 2023 23:01
-50%
-53%
Wednesday 12 July 2023 23:01
-34%
-46%
Wednesday 7 June 2023 23:01
-38%
-30%

Economic context

Recent economic data has been moderately bearish for GBP. Other recent announcements which may affect the market's interpretation of the next RICS Housing Price Balance result:

PreviousLatest
Retail Sales (MoM)Bearish change0.6%-1.3%
Retail Sales (YoY)Bearish change1.4%0%
Retail Sales ex-Fuel (MoM)Bearish change0.1%-0.4%
Retail Sales ex-Fuel (YoY)Bearish change1.5%1.1%
GfK Consumer ConfidenceBullish change-25-23
S&P Global Composite PMIBearish change52.648.5
S&P Global Manufacturing PMI(no change)53.753.7
S&P Global Services PMIBearish change52.747.9
Consumer Price Index (MoM)(no change)0.7%0.7%
Consumer Price Index (YoY)Bearish change3.3%2.8%
Core Consumer Price Index (YoY)Bearish change3.1%2.5%
PPI Core Output (MoM) n.s.aBullish change0.2%0.7%
PPI Core Output (YoY) n.s.a Bullish change2%2.4%
Producer Price Index - Output (MoM) n.s.a(no change)1.4%1.4%
Producer Price Index - Output (YoY) n.s.aBullish change3%4%
Retail Price Index (MoM)Bearish change0.8%0.7%
Retail Price Index (YoY)Bearish change4.1%3%
Average Earnings Excluding Bonus (3Mo/Yr)Bearish change3.6%3.4%
Average Earnings Including Bonus (3Mo/Yr)Bullish change3.9%4.1%
Claimant Count ChangeBearish change4.9K26.5K
Claimant Count Rate(no change)4.4%4.4%
Employment Change (3M)Bullish change25K148K
ILO Unemployment Rate (3M)Bearish change4.9%5%
Gross Domestic Product (MoM)Bearish change0.4%0.3%
Gross Domestic Product (QoQ)Bullish change0.2%0.6%
Gross Domestic Product (YoY)Bullish change1%1.1%
Industrial Production (MoM)Bearish change0.3%-0.2%
Manufacturing Production (MoM)Bullish change-0.2%1.2%
BRC Like-For-Like Retail Sales (YoY)Bearish change3.1%-3.4%

About RICS Housing Price Balance

Country:United Kingdom
Currency:GBP
Source:Royal Institution of Chartered Surveyors
Category:Housing Market
Frequency:Monthly
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