The September 2023 RICS UK Residential Survey results continue to depict a challenging market backdrop, with stretched mortgage affordability still the dominant factor weighing on buyer demand. While the near-term outlook remains relatively downbeat, twelvemonth sales expectations have at least stabilised of late. Perhaps linked to this, anecdotal comments left by contributors suggest that the Bank of England’s decision to pause monetary policy tightening last month has provided a little bit of support to market sentiment. In terms of buyer demand, the latest headline net balance for the new buyer enquiries series ... (full story)