UK housing market confidence remained fragile and forward-looking sentiment turned more cautious amid the escalation of conflict in the Middle East, the Residential Market Survey results from the Royal Institution of Chartered Surveyors' showed Thursday.
The headline house price balance fell unexpectedly to -12 percent from -10 percent in January. The balance was expected to improve to -9 percent.
RICS said the momentum seen at the start of the year have been tempered by heightened geopolitical and macroeconomic uncertainty following the escalation of the conflict in the Middle East.
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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.