RICS House Price Balance is published by the Royal Institute of Chartered Surveyors. It demonstrates the expected change in the UK house prices and is considered a leading indicator of house price inflation.
The calculation is based on expert opinions of surveyors about housing prices reporting a price rise minus the proportion of surveyors reporting a fall. A positive balance indicates the housing market growth and can have a positive effect on the GDP quotes.
The chart of the entire available history of the "RICS United Kingdom House Price Balance" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.