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UK house price outlook darkest since 2011: RICS

Reuters  |  LONDON 

LONDON (Reuters) - British property surveyors are the most downbeat about the short-term outlook for house prices in nearly eight years, and sellers are shying away from putting homes on the market in the run-up to Brexit, a survey showed on Thursday.The Royal Institution for Chartered Surveyors (RICS) said its monthly house price balance sank to -22 last month from December's reading of -19, the lowest since July 2012 and a bigger drop than forecast in a Reuters poll of economists.Asked about the outlook for house prices over the next three months, surveyors expected the most widespread ...

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First Published: Thu, February 14 2019. 05:37 IST