000			01968nam a22002057a 4500
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041			_aeng
110			_aRoyal Institution of Chartered Surveyors
245			_aUK Residential Market Survey _bAugust 2024 _h[Electronic resource]
260			_aLondon, _bRoyal Institution of Chartered Surveyors, _cSeptember 2024
300			_a18p
490			_aRICS UK Residential Market Survey
520			_aThe August 2024 RICS Residential Survey results show an improvement in sales market activity over the month, supported by the recent (modest) softening in mortgage interest rates. Moreover, respondents foresee the market gradually gaining further impetus moving forward, even if the near-term outlook for monetary policy remains relatively tight compared to much of the post global fi nancial crisis era. At the aggregate level, a net balance of +15% of survey participants noted an increase in new buyer enquiries during August (up from a fi gure of +4% beforehand). What’s more, this marks the most positive reading for the demand series since October 2021, although it should be emphasised that this pick-up is coming from a low base. Meanwhile, the newly agreed sales indicator posted a net balance reading of +6%, modestly higher than the fi gure of -1% seen last time. Going forward, contributors anticipate the recent uptick in demand to translate into a more meaningful increase in sales volumes over the coming three months, evidenced by the near-term sales expectations measure recording a net balance of +37%.
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/August-2024_UK-Residential-Market-Survey.pdf _zAvailable free on RICS.org
942			_n0
999			_c121993 _d121993