A more stable trend is now emerging in the UK housing market, according to the latest results for the RICS UK Residential Market Survey.
The survey, out today, shows that in June interest from buyers rose by some 10 per cent, the highest monthly hike since shortly after the 2016 EU referendum; sales, too, showed a rare increase.
RICS’ sentiment measure indicates the difference between members reporting price rises and falls.
The measure improved to -1, the strongest reading since August last year, from a revised -9 in May and RICS suggests this may mean flat prices for the rest of 2019.
Prices in London and south east England continued to fall but rose across the rest of the UK.
"The latest data provides further evidence of the sales market settling down” says Simon Rubinsohn, RICS chief economist.
"But I don't get the impression from the insight provided by contributors that this is fuelling hope of a significantly more active market going forward. Many of the factors that have provided a challenge during the first half of the year remain unresolved."
The Royal Institution of Chartered Surveyors says house price sentiment improved...
The latest RICS survey has one key message - 77 per...
The latest market snapshot from the Royal Institution of Chartered Surveyors...
The latest RICS market survey shows that buyer enquiries and transactions...
When we talk in general terms about the UK housing market,...
The plight of the nation’s first-time buyers may be the focus...
Dog-owning house buyers who want to live in areas of abundant...
From the uptick in house sales in January to a house price...
Happy birthday to us….and all members of the The ValPal Network! We...
With a combined value surpassing £7.4 trillion, the UK’s 29 million...
Let's be honest – landlords are the lifeblood of any letting...
Interesting report this week in Estate Agent Today on an analysis...
An anti-money laundering (AML) expert has queried why there is a...
%20A%20property%20tale%20for%20our%20times.png)
If you want to hear of a tale for our industry’s...
MPs have launched an inquiry on improving the home buying and...
The Law Society is facing backlash from conveyancers after issuing new...
Further estate agency regulation won’t be too expensive for the industry,...
Who are you and what does it say on...
Who are you, and what does it say on...
Who are you and what does it say on your...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment