UK Residential Market Survey November 2024 [Electronic resource]
Language: English Series: RICS UK Residential Market SurveyPublication details: London, Royal Institution of Chartered Surveyors, December 2024Description: 18pSubject(s): Online resources: Summary: 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)| Item type | Current library | Call number | Status | |
|---|---|---|---|---|
| Online material | Virtual Online | PROPERTY MARKET DATA (Browse shelf(Opens below)) | Available |
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)