Monthly demand for properties has finally risen after months of being in a malaise, the UK Residential Market Survey from the Royal Institution of Chartered Surveyors has found.<\/p>\n
New buyer enquiries rose by a net 3% in June, the first time it\u2019s moved out of negative territory since December 2024.<\/p>\n
Near-term expectations for sales volumes have turned marginally positive, with a net balance of +6%, up from -2% in May.<\/p>\n
However most expected the market to be steady and unspectacular, with a +5% expecting to see rising sales volumes in the next 12 months.<\/p>\n
Tarrant Parsons, RICS head of market research & analysis, said: \u201cThe UK residential market appears to be entering a more settled phase, with demand showing signs of stabilising following a period of volatility.<\/p>\n<\/p>\n
\u201cThe earlier distortion caused by transactions being brought forward ahead of the Stamp Duty changes now appears to have largely dissipated, allowing underlying trends to re-emerge.<\/p>\n
\u201cEncouragingly, near-term sales expectations have begun to edge higher, pointing to a modest shift in sentiment.<\/p>\n
\u201cThat said, confidence in the market remains somewhat delicate, with economic uncertainty at both the domestic and global level still seen as a potential headwind. \u201c<\/p>\n
Nationally, house prices continue to follow a flat to marginally negative trend, with the net balance for June remaining at -7%.<\/p>\n
There is significant regional variation in price activity. The South East, East Anglia, and London have seen a more pronounced decline in prices, while Northern Ireland, the North West, Scotland, and the East Midlands experienced clear growth.<\/p>\n","protected":false},"excerpt":{"rendered":"
Monthly demand for properties has finally risen after months of being in a malaise, the UK Residential Market Survey from the Royal Institution of Chartered Surveyors has found. New buyer enquiries rose by a net 3% in June, the first time it\u2019s moved out of negative territory since December 2024. Near-term expectations for sales volumes […]<\/p>\n","protected":false},"author":1,"featured_media":1376,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\n