Category archives: Residential Property Review

Residential supply and demand less downbeat  According to the Royal Institution of Chartered Surveyors (RICS) October UK Residential Market Survey, demand is still falling faster than supply.  New buyer enquiries posted a net balance of -28% during October, marking eighteen successive months in which this indicator has been in negative territory. Nevertheless, the latest reading […]

Conditions remain challenging   The residential sales market continues to be challenging, according to the latest UK Residential Survey by the Royal Institution of Chartered Surveyors (RICS), with demand, sales, instructions, and prices remaining in negative territory.  At a national level, new buyer enquiries recorded a net balance of -39% in September, which although weak, is […]

Economic uncertainty weighs on the residential market  The most recent UK Housing Market Update from Savills has highlighted that buyers’ budgets continue to be impacted by higher mortgage rates, and although inflation has begun to move lower, core inflation remains ‘unexpectedly sticky.’   During July, with completed sales reducing by 18% on the 2017-19 average, market […]

Demand down but activity remains robust  The residential sales market experienced further negative indicators in July, according to the latest UK Residential Survey by the Royal Institution of Chartered Surveyors (RICS), with new buyer enquiries and agreed sales volumes continuing their decline.  At the national level, new buyer enquiries recorded a net balance of -45% […]

RICS survey shows demand falling    Activity in the residential sales market deteriorated in June, according to the latest UK Residential Survey by the Royal Institution of Chartered Surveyors (RICS), with negative net balance readings returned across many indicators.  New buyer enquiries fell to a net balance of -45%, compared to -20% recorded in May, the […]

Mixed signals in mortgage and housing markets  Inflation hasn’t been falling as quickly as anticipated, resulting in the Bank of England coming under pressure to raise Bank Rate again in May. While lenders had priced in some interest rate rises in advance, the market reaction to inflation data released in May suggests that tolerance had […]

Residential market update Demand, sales and new listings all remain in negative territory, according to the latest UK Residential Survey from the Royal Institution of Chartered Surveyors (RICS), with agreed sales dropping to -31% this month, below the -25% recorded in February. New buyer enquiries, meanwhile, were down by a headline net balance of -29% […]

Housing market continues slowdown According to the latest UK Residential Survey from the Royal Institution of Chartered Surveyors (RICS) new buyer demand, sales, fresh listings and prices are all on a downward trend. January saw the ninth successive negative monthly reading for new buyer enquiries, with contributors to the survey in all parts of the […]