Monthly House Price Index Provided by RICS
United Kingdom| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The Royal Institution of Chartered Surveyors (RICS) House Price Index is a crucial indicator for understanding the trends in the UK's housing market. This index, based on data collected from chartered surveyors across the country, shows the changes in house prices. RICS publishes this data monthly to assess the health of the housing market and the rise or fall in house prices.
When the RICS House Price Index is rising, it indicates that the housing market is active and house prices are increasing. Conversely, when the index is falling, it suggests that the housing market is stagnating and prices may be declining. The trend in house prices significantly impacts consumer asset values and consumer spending, making it an essential indicator for the overall economy.
Policymakers and economists use the RICS House Price Index to evaluate the health of the housing market and the economy's trends. For example, if house prices are rising rapidly, tightening monetary policy or increasing housing loan regulations might be considered. Conversely, if house prices are falling, economic stimulus measures might be necessary. The RICS data is also crucial for businesses and investors, providing insights into housing market trends and helping to forecast economic outlooks.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
