The RICS House Price Balance in the UK improved to -15.0, up from the previous -19.0. This represents a 4-point increase, indicating a less negative sentiment in the housing market compared to the prior period.
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The actual result of -15.0 surpassed the analyst estimate of -18.0, suggesting a stronger-than-expected recovery in housing sentiment. This positive surprise may boost real estate stocks and related sectors, as improved housing market conditions often lead to increased consumer confidence and spending. The market impact is likely to be short-term, driven by sentiment shifts rather than immediate policy changes.