LONDON (dpa-AFX) - U.K. house prices are likely to log their first decline in four years in the months ahead as uncertainty mounts over the outcome of the referendum on the country's EU membership, survey results from the Royal Institution of Chartered Surveyors showed Thursday.
Simon Rubinsohn, chief economist at RICS, said a short-term dip in house prices is expected over the coming few months.
For the first time since 2012, a majority of members said prices are expected to fall over the next three months, RICS said.
In May, the U.K. house price balance fell to 19 percent.
Copyright RTT News/dpa-AFX