UK Residential Market Survey May 2024 [Electronic resource]
Language: English Series: RICS UK Residential Market SurveyPublication details: London, Royal Institution of Chartered Surveyors, June 2024Description: 17pSubject(s): Online resources: Summary: The May 2024 RICS UK Residential Survey results are symptomatic of a slight setback for the sales market over the month, with most of the indicators tracked deteriorating to a certain extent. This appears to be linked to the recent scaling back in expectations around the degree of monetary policy loosening likely to be pushed through by the Bank of England during the second half this year. Nevertheless, respondents still foresee a modest recovery in residential sales volumes getting back on track over the months ahead.| Item type | Current library | Call number | Status | |
|---|---|---|---|---|
| Online material | Virtual Online | PROPERTY MARKET DATA (Browse shelf(Opens below)) | Available |
The May 2024 RICS UK Residential Survey results
are symptomatic of a slight setback for the sales
market over the month, with most of the indicators
tracked deteriorating to a certain extent. This
appears to be linked to the recent scaling back
in expectations around the degree of monetary
policy loosening likely to be pushed through by the
Bank of England during the second half this year.
Nevertheless, respondents still foresee a modest
recovery in residential sales volumes getting back
on track over the months ahead.