UK Residential Market Survey [Electronic resource] January 2024
UK Residential Market Survey January 2024 [Electronic resource]
- London, Royal Institution of Chartered Surveyors, February 2024
- 18p
- RICS UK Residential Market Survey .
The January 2024 RICS UK Residential Survey results
show another slight improvement across all sales
market activity indicators. Moreover, sentiment
regarding the outlook for sales volumes over the
coming twelve months has turned increasingly positive,
supported by expectation that interest rates will ease
back to a certain degree as the year progresses.
At the national level, the new buyer enquiries series
posted a net balance reading of +7% in January, up
from a figure of -3% previously. As such, this is now
consistent with a gradual recovery coming through
for buyer demand. Although still relatively modest in
a longer term context, the latest reading is in fact the
most positive since February 2022.
HOUSING MARKET
RESIDENTIAL PROPERTY
United Kingdom
The January 2024 RICS UK Residential Survey results
show another slight improvement across all sales
market activity indicators. Moreover, sentiment
regarding the outlook for sales volumes over the
coming twelve months has turned increasingly positive,
supported by expectation that interest rates will ease
back to a certain degree as the year progresses.
At the national level, the new buyer enquiries series
posted a net balance reading of +7% in January, up
from a figure of -3% previously. As such, this is now
consistent with a gradual recovery coming through
for buyer demand. Although still relatively modest in
a longer term context, the latest reading is in fact the
most positive since February 2022.
HOUSING MARKET
RESIDENTIAL PROPERTY
United Kingdom