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December 2023 UK Residential Market Survey

From rics.org

The December 2023 RICS UK Residential Survey results signal another gradual improvement in market sentiment over the month. Indeed, likely driven by the continued easing in mortgage interest rates during recent weeks, near-term sales expectations moved a little further into positive territory. Meanwhile, the tide seems to be turning with respect to house prices, with contributors now envisaging a largely fl at trend coming through at the twelve-month time horizon. Looking at buyer demand, the headline net balance for the new buyer enquiries indicator registered a reading of -3% in December (compared to a fi gure of ... (full story)

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