The house price balance in the United Kingdom weakened considerably in March, the latest survey from the Royal Institution of Chartered Surveyors showed on Thursday with a score of 42 percent.
That was well shy of forecasts for a reading of 50 percent, which would have been unchanged from February.
RICS points to apprehension ahead of the forthcoming referendum on European Union membership, which is likely weighing on potential home buyers.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.