UK Residential Market Survey [Electronic resource] December 2023
UK Residential Market Survey December 2023 [Electronic resource]
- London, Royal Institution of Chartered Surveyors, January 2024
- 17p
- RICS UK Residential Market Survey .
The December 2023 RICS UK Residential Survey shows activity picking up, and an improvement on last month's figures as the trend towards lowered mortgage rates continues. Near-term sales expectations moved up a touch more positively, while the longer-term outlook illustrates a market moving out of negativity and into a flatter environment. The new buyer enquiries indicator registered a reading of -3% in December, up from the -13% result in November, approaching a flat reading. This is the fourth successive month recording a reduction in negative buyer enquiry activity, moving into neutral territory (between -5 % and +5%) for the first time since April 2022.
HOUSING MARKET
RESIDENTIAL PROPERTY
United Kingdom
The December 2023 RICS UK Residential Survey shows activity picking up, and an improvement on last month's figures as the trend towards lowered mortgage rates continues. Near-term sales expectations moved up a touch more positively, while the longer-term outlook illustrates a market moving out of negativity and into a flatter environment. The new buyer enquiries indicator registered a reading of -3% in December, up from the -13% result in November, approaching a flat reading. This is the fourth successive month recording a reduction in negative buyer enquiry activity, moving into neutral territory (between -5 % and +5%) for the first time since April 2022.
HOUSING MARKET
RESIDENTIAL PROPERTY
United Kingdom