UK Residential Market Survey [Electronic resource] November 2024
UK Residential Market Survey November 2024 [Electronic resource]
- London, Royal Institution of Chartered Surveyors, December 2024
- 18p
- RICS UK Residential Market Survey .
The November 2024 RICS Residential Survey
results remain consistent with a gentle up-trend
across the market, with metrics on new buyer
demand, new instructions and house prices all
continuing to register readings in expansionary
territory. Looking ahead, despite the rise in
mortgage interest rates seen over recent weeks,
respondents still foresee a modest improvement
in sales activity over the near-term, albeit
expectations have been scaled back somewhat
compared to the previous iteration of the survey.
Looking at demand trends across the sales market,
the new buyer enquiries series posted a headline
net balance reading of +12% in November (almost
unchanged from +11% last time)
HOUSING MARKET
RESIDENTIAL PROPERTY
United Kingdom
The November 2024 RICS Residential Survey
results remain consistent with a gentle up-trend
across the market, with metrics on new buyer
demand, new instructions and house prices all
continuing to register readings in expansionary
territory. Looking ahead, despite the rise in
mortgage interest rates seen over recent weeks,
respondents still foresee a modest improvement
in sales activity over the near-term, albeit
expectations have been scaled back somewhat
compared to the previous iteration of the survey.
Looking at demand trends across the sales market,
the new buyer enquiries series posted a headline
net balance reading of +12% in November (almost
unchanged from +11% last time)
HOUSING MARKET
RESIDENTIAL PROPERTY
United Kingdom