Chart Comparison ~ The RICS & Savills Plc
(extension to this mornings Macro Monday 37)
After sharing todays Macro Monday I couldn’t help be notice some similarities in between these charts.
RICS
The Royal Institute of Chartered Surveyors (RICS) House Price Balance is a monthly survey that indicates whether more or less surveyors expect housing prices to rise...
The RICS UK House Price Balance
(Released this Thursday 14th Mar 2024 for Feb month)
The Royal Institute of Chartered Surveyors (RICS) House Price Balance is a monthly survey that indicates whether more or less surveyors expect housing prices to rise or fall in the U.K. housing market. A positive net balance suggests house price increases, while a negative...
UK Property REITS including Derwent (DLN) have today closed above their 38% retracement levels following brexit.
Having been long DLN from 2400 on 7th July, this provides a bullish signal indicating that resistance has been successfully broken (following a week's worth of testing) and that price should rally towards 3019 in the next few weeks.
Should we see a...
