000			02113nam a22002177a 4500
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008			240126e20240314xxk|||||o|||| 00| 0 eng d
041			_aeng
110			_aRoyal Institution of Chartered Surveyors
245			_aUK Residential Market Survey _bFebruary 2024 _h[Electronic resource]
260			_aLondon, _bRoyal Institution of Chartered Surveyors, _cMarch 2024
300			_a19p
490			_aRICS UK Residential Market Survey
520			_aThe February 2024 RICS UK Residential Survey shows a more upbeat picture for sales than was the case for most of last year. Near outlook is still cautious, in part due to the suspicion that the recent easing in mortgage rates is likely to stall on the back of ongoing uncertainty about the timing and speed of interest rate reductions. At the UK level, new buyer enquiries stayed positive for the second successive month (+6% net balance) showing a continued upwards trend in buyer demand. Looking at regions across the UK, most have now shown a recovery in buyer interest over the last two months. Agreed sales were flat in February (-3% net balance) and although this is less positive than in January it still signals a stronger trend in sales than was evident in most of the last 12 months (average net balance of -22%). Looking ahead, the sales expectations for the near term are positive, and sales activity is expected to gain further momentum over the coming year (net balance +42%) In addition, respondents across all UK regions/countries foresee residential sales activity picking up over the longer-term time horizon. Interestingly, one of the more noteworthy developments to come through in the February survey was a solid rise being reported in new instructions to sell.
650			_aHOUSING MARKET
650			_aRESIDENTIAL PROPERTY
651			_aUnited Kingdom
710			_aRoyal Institution of Chartered Surveyors
856			_uhttps://www.rics.org/content/dam/ricsglobal/documents/market-surveys/uk-residential-market-survey/February-2024_RICS-UK-Residential-Market-Survey.pdf _zAvailable free on RICS.org
942			_n0
999			_c121856 _d121856