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United Kingdom RICS House Price Balance
Price
The current value of the RICS House Price Balance in United Kingdom is 50.754 %. The RICS House Price Balance in United Kingdom decreased to 50.754 % on 8/1/2022, after it was 61.324 % on 7/1/2022. From 1/1/1978 to 5/1/2024, the average GDP in United Kingdom was 15 %. The all-time high was reached on 1/1/1978 with 100 %, while the lowest value was recorded on 4/1/2008 with -92.32 %.
Source: Royal Institution of Chartered Surveyors (RICS)RICS House Price Balance ·
3 years
5 years
10 years
25 Years
Max
| RICS Housing Price Balance | |
|---|---|
| 1/1/1978 | 100 % |
| 2/1/1978 | 89.84 % |
| 3/1/1978 | 82.74 % |
| 4/1/1978 | 76.97 % |
| 5/1/1978 | 77.4 % |
| 6/1/1978 | 74.61 % |
| 7/1/1978 | 73.59 % |
| 8/1/1978 | 76.72 % |
| 9/1/1978 | 79.22 % |
| 10/1/1978 | 100 % |
| 11/1/1978 | 97.69 % |
| 12/1/1978 | 90.29 % |
| 1/1/1979 | 85.8 % |
| 2/1/1979 | 82.35 % |
| 3/1/1979 | 78.52 % |
| 4/1/1979 | 79.11 % |
| 5/1/1979 | 83.84 % |
| 6/1/1979 | 84.43 % |
| 7/1/1979 | 80.17 % |
| 8/1/1979 | 72.86 % |
| 9/1/1979 | 65.85 % |
| 10/1/1979 | 70.43 % |
| 11/1/1979 | 38.34 % |
| 12/1/1979 | 18.96 % |
| 1/1/1980 | 13.24 % |
| 2/1/1980 | 15.34 % |
| 3/1/1980 | 0.57 % |
| 9/1/1980 | 2.06 % |
| 10/1/1980 | 10.23 % |
| 11/1/1980 | 18.74 % |
| 12/1/1980 | 18.66 % |
| 1/1/1981 | 9.86 % |
| 2/1/1981 | 12.35 % |
| 3/1/1981 | 12.61 % |
| 4/1/1981 | 12.55 % |
| 5/1/1981 | 7.65 % |
| 6/1/1981 | 10.59 % |
| 7/1/1981 | 10.44 % |
| 8/1/1981 | 14.02 % |
| 9/1/1981 | 1.36 % |
| 3/1/1982 | 0.75 % |
| 4/1/1982 | 4.01 % |
| 5/1/1982 | 12.64 % |
| 6/1/1982 | 16.73 % |
| 7/1/1982 | 20.59 % |
| 8/1/1982 | 29.63 % |
| 9/1/1982 | 32.65 % |
| 10/1/1982 | 41.59 % |
| 11/1/1982 | 48.9 % |
| 12/1/1982 | 45.28 % |
| 1/1/1983 | 57.76 % |
| 2/1/1983 | 52.53 % |
| 3/1/1983 | 51.35 % |
| 4/1/1983 | 49.02 % |
| 5/1/1983 | 49.37 % |
| 6/1/1983 | 43.99 % |
| 7/1/1983 | 47.07 % |
| 8/1/1983 | 39.18 % |
| 9/1/1983 | 42.07 % |
| 10/1/1983 | 40.3 % |
| 11/1/1983 | 35.99 % |
| 12/1/1983 | 47.78 % |
| 1/1/1984 | 21.66 % |
| 2/1/1984 | 63.83 % |
| 3/1/1984 | 56.65 % |
| 4/1/1984 | 53.95 % |
| 5/1/1984 | 51.04 % |
| 6/1/1984 | 52.84 % |
| 7/1/1984 | 47.84 % |
| 8/1/1984 | 45.97 % |
| 9/1/1984 | 41.87 % |
| 10/1/1984 | 40.02 % |
| 11/1/1984 | 44.51 % |
| 12/1/1984 | 49.84 % |
| 1/1/1985 | 50.56 % |
| 2/1/1985 | 54.21 % |
| 3/1/1985 | 51.39 % |
| 4/1/1985 | 50.93 % |
| 5/1/1985 | 48.11 % |
| 6/1/1985 | 36.79 % |
| 7/1/1985 | 34.23 % |
| 8/1/1985 | 39.96 % |
| 9/1/1985 | 48.71 % |
| 10/1/1985 | 53.02 % |
| 11/1/1985 | 51.35 % |
| 12/1/1985 | 59.54 % |
| 1/1/1986 | 64.43 % |
| 2/1/1986 | 59.18 % |
| 3/1/1986 | 62.8 % |
| 4/1/1986 | 73.06 % |
| 5/1/1986 | 74.55 % |
| 6/1/1986 | 74.84 % |
| 7/1/1986 | 69.67 % |
| 8/1/1986 | 60.66 % |
| 9/1/1986 | 52.78 % |
| 10/1/1986 | 50.32 % |
| 11/1/1986 | 59.07 % |
| 12/1/1986 | 57.54 % |
| 1/1/1987 | 60.08 % |
| 2/1/1987 | 62.39 % |
| 3/1/1987 | 75.32 % |
| 4/1/1987 | 75.83 % |
| 5/1/1987 | 74.25 % |
| 6/1/1987 | 76.55 % |
| 7/1/1987 | 75.36 % |
| 8/1/1987 | 82.78 % |
| 9/1/1987 | 87.54 % |
| 10/1/1987 | 93.11 % |
| 11/1/1987 | 91.74 % |
| 12/1/1987 | 84.77 % |
| 1/1/1988 | 89.14 % |
| 2/1/1988 | 89.66 % |
| 3/1/1988 | 84.63 % |
| 4/1/1988 | 87.46 % |
| 5/1/1988 | 90.34 % |
| 6/1/1988 | 93.35 % |
| 7/1/1988 | 90.67 % |
| 8/1/1988 | 82.67 % |
| 9/1/1988 | 70.98 % |
| 10/1/1988 | 52.91 % |
| 11/1/1988 | 35.09 % |
| 12/1/1988 | 22.18 % |
| 1/1/1989 | 14.18 % |
| 2/1/1989 | 10.64 % |
| 7/1/1993 | 0.52 % |
| 8/1/1993 | 4.14 % |
| 9/1/1993 | 1.2 % |
| 10/1/1993 | 6.86 % |
| 11/1/1993 | 7.18 % |
| 12/1/1993 | 8.26 % |
| 1/1/1994 | 6.73 % |
| 2/1/1994 | 1.04 % |
| 3/1/1994 | 3.58 % |
| 4/1/1994 | 1.99 % |
| 5/1/1994 | 5.91 % |
| 6/1/1994 | 5.42 % |
| 7/1/1994 | 2.89 % |
| 8/1/1994 | 1.31 % |
| 9/1/1994 | 1.01 % |
| 1/1/1996 | 0.4 % |
| 3/1/1996 | 8.62 % |
| 4/1/1996 | 5.45 % |
| 5/1/1996 | 12.6 % |
| 6/1/1996 | 32.49 % |
| 7/1/1996 | 34.19 % |
| 8/1/1996 | 44.67 % |
| 9/1/1996 | 52.27 % |
| 10/1/1996 | 57.26 % |
| 11/1/1996 | 62.87 % |
| 12/1/1996 | 61.37 % |
| 1/1/1997 | 55.94 % |
| 2/1/1997 | 48.22 % |
| 3/1/1997 | 53.69 % |
| 4/1/1997 | 50.22 % |
| 5/1/1997 | 51.57 % |
| 6/1/1997 | 51.59 % |
| 7/1/1997 | 56.53 % |
| 8/1/1997 | 50.06 % |
| 9/1/1997 | 45.84 % |
| 10/1/1997 | 44.02 % |
| 11/1/1997 | 38.81 % |
| 12/1/1997 | 35.27 % |
| 1/1/1998 | 37.91 % |
| 2/1/1998 | 38.09 % |
| 3/1/1998 | 34.46 % |
| 4/1/1998 | 38.01 % |
| 5/1/1998 | 34.37 % |
| 6/1/1998 | 23.52 % |
| 7/1/1998 | 15.66 % |
| 8/1/1998 | 13.01 % |
| 9/1/1998 | 9.91 % |
| 10/1/1998 | 4.45 % |
| 12/1/1998 | 5.44 % |
| 1/1/1999 | 13.52 % |
| 2/1/1999 | 17.89 % |
| 3/1/1999 | 22.4 % |
| 4/1/1999 | 39.71 % |
| 5/1/1999 | 43.29 % |
| 6/1/1999 | 60.32 % |
| 7/1/1999 | 62.09 % |
| 8/1/1999 | 71.8 % |
| 9/1/1999 | 68.6 % |
| 10/1/1999 | 65.61 % |
| 11/1/1999 | 68.01 % |
| 12/1/1999 | 63.28 % |
| 1/1/2000 | 61.17 % |
| 2/1/2000 | 59.59 % |
| 3/1/2000 | 54.92 % |
| 4/1/2000 | 32.5 % |
| 5/1/2000 | 21.55 % |
| 6/1/2000 | 4.68 % |
| 9/1/2000 | 0.16 % |
| 10/1/2000 | 8.88 % |
| 11/1/2000 | 24.37 % |
| 12/1/2000 | 23.79 % |
| 1/1/2001 | 22.16 % |
| 2/1/2001 | 33.4 % |
| 3/1/2001 | 37.53 % |
| 4/1/2001 | 36.15 % |
| 5/1/2001 | 46.32 % |
| 6/1/2001 | 47.96 % |
| 7/1/2001 | 55.47 % |
| 8/1/2001 | 52.5 % |
| 9/1/2001 | 36.84 % |
| 10/1/2001 | 18.19 % |
| 11/1/2001 | 12.86 % |
| 12/1/2001 | 26.39 % |
| 1/1/2002 | 41.1 % |
| 2/1/2002 | 50.42 % |
| 3/1/2002 | 56.58 % |
| 4/1/2002 | 63.12 % |
| 5/1/2002 | 61.36 % |
| 6/1/2002 | 63.9 % |
| 7/1/2002 | 53.95 % |
| 8/1/2002 | 50.91 % |
| 9/1/2002 | 50.21 % |
| 10/1/2002 | 46.2 % |
| 11/1/2002 | 41.44 % |
| 12/1/2002 | 31.75 % |
| 1/1/2003 | 12.68 % |
| 7/1/2003 | 3.43 % |
| 8/1/2003 | 16.32 % |
| 9/1/2003 | 31.15 % |
| 10/1/2003 | 36.91 % |
| 11/1/2003 | 34.82 % |
| 12/1/2003 | 36.52 % |
| 1/1/2004 | 36.81 % |
| 2/1/2004 | 38.78 % |
| 3/1/2004 | 46.46 % |
| 4/1/2004 | 45.59 % |
| 5/1/2004 | 42.72 % |
| 6/1/2004 | 19.47 % |
| 7/1/2004 | 3.78 % |
| 11/1/2005 | 0.99 % |
| 12/1/2005 | 5.44 % |
| 1/1/2006 | 9.44 % |
| 2/1/2006 | 17.74 % |
| 3/1/2006 | 16.72 % |
| 4/1/2006 | 18.5 % |
| 5/1/2006 | 25.4 % |
| 6/1/2006 | 29.26 % |
| 7/1/2006 | 29.04 % |
| 8/1/2006 | 32.5 % |
| 9/1/2006 | 40.94 % |
| 10/1/2006 | 40.09 % |
| 11/1/2006 | 42.28 % |
| 12/1/2006 | 34.58 % |
| 1/1/2007 | 30.11 % |
| 2/1/2007 | 27.71 % |
| 3/1/2007 | 33.65 % |
| 4/1/2007 | 34.05 % |
| 5/1/2007 | 25.62 % |
| 6/1/2007 | 8.64 % |
| 7/1/2007 | 8.14 % |
| 8/1/2009 | 11.94 % |
| 9/1/2009 | 20.85 % |
| 10/1/2009 | 33.69 % |
| 11/1/2009 | 33.91 % |
| 12/1/2009 | 28.52 % |
| 1/1/2010 | 28.73 % |
| 2/1/2010 | 15.9 % |
| 3/1/2010 | 8.99 % |
| 4/1/2010 | 16.83 % |
| 5/1/2010 | 19.56 % |
| 6/1/2010 | 5.46 % |
| 3/1/2013 | 0.51 % |
| 4/1/2013 | 2.62 % |
| 5/1/2013 | 7.74 % |
| 6/1/2013 | 22.5 % |
| 7/1/2013 | 34.5 % |
| 8/1/2013 | 36.63 % |
| 9/1/2013 | 50.91 % |
| 10/1/2013 | 54.59 % |
| 11/1/2013 | 57.93 % |
| 12/1/2013 | 55.87 % |
| 1/1/2014 | 55.73 % |
| 2/1/2014 | 50.13 % |
| 3/1/2014 | 57 % |
| 4/1/2014 | 51.76 % |
| 5/1/2014 | 56.05 % |
| 6/1/2014 | 51.06 % |
| 7/1/2014 | 45.5 % |
| 8/1/2014 | 36.41 % |
| 9/1/2014 | 30.04 % |
| 10/1/2014 | 20.49 % |
| 11/1/2014 | 14.56 % |
| 12/1/2014 | 13.73 % |
| 1/1/2015 | 9.13 % |
| 2/1/2015 | 15.98 % |
| 3/1/2015 | 22.72 % |
| 4/1/2015 | 29.39 % |
| 5/1/2015 | 34.98 % |
| 6/1/2015 | 41.39 % |
| 7/1/2015 | 45.52 % |
| 8/1/2015 | 53.29 % |
| 9/1/2015 | 45.74 % |
| 10/1/2015 | 49.3 % |
| 11/1/2015 | 46.88 % |
| 12/1/2015 | 47.85 % |
| 1/1/2016 | 45.84 % |
| 2/1/2016 | 48.05 % |
| 3/1/2016 | 40.89 % |
| 4/1/2016 | 38.8 % |
| 5/1/2016 | 21.75 % |
| 6/1/2016 | 18.86 % |
| 7/1/2016 | 9.15 % |
| 8/1/2016 | 14.98 % |
| 9/1/2016 | 18.49 % |
| 10/1/2016 | 22.28 % |
| 11/1/2016 | 26.92 % |
| 12/1/2016 | 20.69 % |
| 1/1/2017 | 19.55 % |
| 2/1/2017 | 23.99 % |
| 3/1/2017 | 21.99 % |
| 4/1/2017 | 25.91 % |
| 5/1/2017 | 19.22 % |
| 6/1/2017 | 7.72 % |
| 7/1/2017 | 2.6 % |
| 8/1/2017 | 4.75 % |
| 9/1/2017 | 4.18 % |
| 12/1/2017 | 7.79 % |
| 1/1/2018 | 5.59 % |
| 2/1/2018 | 2.1 % |
| 3/1/2018 | 1.72 % |
| 5/1/2018 | 0.09 % |
| 6/1/2018 | 2.17 % |
| 7/1/2018 | 3.74 % |
| 6/1/2019 | 1.92 % |
| 1/1/2020 | 18.61 % |
| 2/1/2020 | 31.41 % |
| 3/1/2020 | 11.03 % |
| 7/1/2020 | 18.43 % |
| 8/1/2020 | 43 % |
| 9/1/2020 | 59.45 % |
| 10/1/2020 | 62.82 % |
| 11/1/2020 | 61.66 % |
| 12/1/2020 | 62.11 % |
| 1/1/2021 | 51.07 % |
| 2/1/2021 | 53.87 % |
| 3/1/2021 | 64.08 % |
| 4/1/2021 | 74.09 % |
| 5/1/2021 | 81.14 % |
| 6/1/2021 | 82.09 % |
| 7/1/2021 | 77.76 % |
| 8/1/2021 | 70.69 % |
| 9/1/2021 | 67.23 % |
| 10/1/2021 | 72.42 % |
| 11/1/2021 | 74.75 % |
| 12/1/2021 | 69.99 % |
| 1/1/2022 | 74.69 % |
| 2/1/2022 | 77.71 % |
| 3/1/2022 | 72.56 % |
| 4/1/2022 | 77.38 % |
| 5/1/2022 | 70 % |
| 6/1/2022 | 63.31 % |
| 7/1/2022 | 61.32 % |
| 8/1/2022 | 50.75 % |
RICS House Price Balance History
| Date | Value |
|---|---|
| 8/1/2022 | 50.754 % |
| 7/1/2022 | 61.324 % |
| 6/1/2022 | 63.309 % |
| 5/1/2022 | 69.997 % |
| 4/1/2022 | 77.377 % |
| 3/1/2022 | 72.565 % |
| 2/1/2022 | 77.707 % |
| 1/1/2022 | 74.692 % |
| 12/1/2021 | 69.991 % |
| 11/1/2021 | 74.747 % |
Similar Macro Indicators to RICS House Price Balance
| Name | Current | Previous | Frequency |
|---|---|---|---|
🇬🇧 Average House Prices | 291,268 GBP | 289,042 GBP | Monthly |
🇬🇧 Construction Contracts | -2.9 % | -30.1 % | Quarter |
🇬🇧 Construction Output | -3.3 % | -2.2 % | Monthly |
🇬🇧 Construction PMI | 55.3 points | 52.2 points | Monthly |
🇬🇧 Home Price Index MoM | -0.1 % | 0 % | Monthly |
🇬🇧 Homeownership Rate | 65.2 % | 65 % | Annually |
🇬🇧 Housing Index | 504.4 points | 502.8 points | Monthly |
🇬🇧 Housing Price Index YoY | 1.5 % | 1.1 % | Monthly |
🇬🇧 Housing starts | 19,080 units | 21,190 units | Quarter |
🇬🇧 Mortgage approvals | 59,990 | 60,820 | Monthly |
🇬🇧 Mortgage Interest Rate | 7.93 % | 7.93 % | Monthly |
🇬🇧 Mortgage loan | 1.212 B GBP | 2.229 B GBP | Monthly |
🇬🇧 National Housing Prices | 530.77 points | 527.15 points | Monthly |
🇬🇧 Nationwide Housing Prices MoM | 0.2 % | 0.4 % | Monthly |
🇬🇧 Nationwide Housing Prices YoY | 1.5 % | 1.3 % | Monthly |
🇬🇧 Price-Rent Ratio | 117.596 | 118.258 | Quarter |
🇬🇧 Private Rental Prices | 8.9 % | 9.2 % | Monthly |
🇬🇧 Residential property prices | -1.71 % | -0.79 % | Quarter |
The Royal Institution of Chartered Surveyors (RICS) House Price Balance quantifies the percentage of surveyors who report an increase in house prices within their designated areas, subtracting those who report a decrease. A value above 0% signifies that more surveyors have observed a rise in house prices, whereas a value below 0% indicates that a greater number have noted a decline.
Macro pages for other countries in Europe
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What is RICS House Price Balance?
The RICS House Price Balance is an indispensable macroeconomic indicator for anyone vested in the real estate sector, broader economic analysis, or financial market assessments. At Eulerpool, we ensure that our users have access to the most relevant, accurate, and timely macroeconomic data, and the RICS House Price Balance is a pivotal component of this suite. The RICS House Price Balance, produced by the Royal Institution of Chartered Surveyors (RICS), offers critical insights into the UK housing market's performance. This indicator is measured on a monthly basis and reflects the percentage difference between surveyors reporting a rise in house prices and those reporting a fall in house prices over a given period. A positive RICS House Price Balance indicates that more surveyors are observing price increases rather than decreases, characterizing a buoyant or appreciating market. Conversely, a negative balance signals a decline in house prices, suggesting a softening market. The methodology behind the RICS House Price Balance involves a robust and comprehensive survey conducted among chartered surveyors and other professional members of RICS across the United Kingdom. Survey participants provide their observations on whether house prices in their respective regions have risen, remained stable, or fallen. These responses are then aggregated and analyzed to produce the overall balance figure. Because of the survey's expansive and inclusive scope, the RICS House Price Balance holds a high degree of reliability and is frequently referenced by economists, policymakers, and market participants. One of the key advantages of the RICS House Price Balance is its timeliness. While other housing market indicators, such as the Land Registry's house price index, often lag due to the time taken to complete property transactions and register sales, the RICS House Price Balance provides a near real-time snapshot of market conditions. This timeliness allows for more agile decision-making for investors and policymakers alike, making it a critical tool in the macroeconomic toolkit. The RICS House Price Balance serves multiple functions within the broader framework of economic analysis. Firstly, it acts as a leading indicator of housing market trends. Movements in the RICS House Price Balance often precede broader changes in official house price indices. For instance, a sustained period of positive house price balances invariably translates into higher future house prices, as captured by other indices and metrics. This predictive power is invaluable for market participants looking to pre-empt market turns and make strategic investment decisions. Secondly, the RICS House Price Balance is a vital gauge of consumer confidence and economic health. The housing market is intricately linked to the broader economy. Rising house prices often signal a robust economy where consumer confidence, borrowing capacity, and disposable incomes are on the rise. Conversely, a falling RICS House Price Balance can be symptomatic of underlying economic difficulties, constrained consumer spending, and tightened credit conditions. By monitoring the RICS House Price Balance, one can glean deeper insights into the prevailing economic climate and forecast potential headwinds or tailwinds to economic growth. Additionally, the RICS House Price Balance holds significant implications for monetary policy. Central banks closely monitor housing market indicators as part of their monetary policy frameworks. An overheating housing market, as indicated by persistently high or rising RICS House Price Balances, might prompt central banks to adopt tighter monetary policies, including raising interest rates to rein in inflationary pressures. Conversely, weak housing market conditions, reflected in negative balances, may lead to more accommodative monetary policies to stimulate borrowing and economic activity. Thus, the RICS House Price Balance serves as both a barometer and a determinant of monetary policy direction. For investors, the RICS House Price Balance is an invaluable analytical tool. Real estate investors can leverage this macroeconomic indicator to time their market entry and exit points. A steadily rising RICS House Price Balance can signal a favorable investment horizon, whereas a declining balance might suggest a more cautious or contrarian approach. Equity investors, especially those with interests in housing-related sectors like construction, home improvement, and mortgage finance, can also incorporate the RICS House Price Balance into their analytical frameworks to identify sectoral trends and adjust their portfolios accordingly. Moreover, the RICS House Price Balance can be used alongside other economic indicators to create a more comprehensive and nuanced analysis. For instance, when combined with employment data, consumer sentiment indices, and credit conditions, the RICS House Price Balance can help paint a fuller picture of the economic landscape and inform more strategic decision-making. In closing, the RICS House Price Balance is an exceptional and critical measure for understanding the UK housing market and its broader economic implications. At Eulerpool, we recognize the importance of providing our users with detailed, reliable, and timely macroeconomic data, and the RICS House Price Balance is a cornerstone of our data offerings. Whether you are an economist, policymaker, investor, or financial analyst, the RICS House Price Balance equips you with the necessary insights to navigate the complexities of the housing market and the overall economy. By integrating this valuable macroeconomic indicator into your analytical toolkit, you can enhance your understanding and make more informed, strategic decisions.