Two surveys show London property prices are still rising (Source: Getty)
Housing prices are likely to be in focus this week, as two surveys show prices are still rising, though the market is levelling off.
The RICS survey, published today, is expected to show less growth than in past months.
Barclays’ Armela Mancellari said: “We expect the overall balance to have edged down in June, reflecting indications from forward-looking measures in the May survey that housing activity is cooling.”
However Halifax data is expected to show a 0.5 per cent month-on-month lift in prices for June, pointing to a 9.3 per cent year-on-year price surge.
The Bank of England
will publish the UK interest rate decision on Thursday, with most analysts forecasting no change for this month.
Education information technology provider, RM, will report interim results today, with little chance for nasty surprises following a positive trading update in May. Also today, Taylor Wimpey
and Robert Walters will issue trading updates.
Tomorrow, just ahead of its AGM at Wembley Stadium, Marks & Spencer will publish a trading update for the past three months, which analysts expect to show a similar pattern to the previous year. – a like-for-like sales will fall by 1.5 per cent in general merchandise, while food like-for-like sales will grow two per cent.
There will be full-year results from Dunelm
Group, XP Power, and Young & Co’s Brewery, while Bovis Homes
Group will issue interims.
There will be trading updates from Connect Group, Ferrexpo, SIG
and Synety Group and the UK monthly industrial production figures will be released.
On Thursday, Barratt Developments and SuperGroup
will issue full-year results, while Low & Bonar will publish its interims.
Apart from the interest rate decision, the Council of Mortgage Lenders will issue its monthly lending trends reports.
On Friday, EMIS Group and Experian
will issue trading updates.