LONDON, July 11 Reuters Britain39;s housing market remained soft in June but surveyors were more positive about the outlook following this month39;s parliamentary elections and with interest rates likely to fall, a survey showed on Thursday.

The Royal Institution of Chartered Surveyors39; monthly net balance of house prices held at 17, marking the joint lowest reading since January.

Although activity across the housing market remained subdued last month, forwardlooking aspects did improve slightly, Tarrant Parsons, RICS senior economist, said.

A combination of the expected fall in borrowing costs and a greater emphasis on housebuilding by the new government of Prime Minister Keir Starmer boded well for the sector, he said.

The RICS survey pointed to the highest level of sales expectations over the next three months since January 2022.

Writing by William Schomberg

Source Reuters