The results of the April 2023 RICS UK Residential Survey remain indicative of a market struggling for momentum, with higher borrowing costs and a cautious economic outlook still the main challenges. Having said that, most the of survey’s indicators have edged up at least somewhat from the lows hit towards the end of last year, while twelve-month expectations continue to signal a more stable backdrop coming through further ahead. Starting with new buyer demand, the headline net balance came in at -37% in April, down from a reading of -30% in each of the last two reports when captured on a seasonally adjusted basis. ... (full story)