Global Market | UK housing market downturn eases slightly, but sentiment remains fragile: RICS
5 Articles
5 Articles
Global Market | UK housing market downturn eases slightly, but sentiment remains fragile: RICS
Britain's housing market displayed signs of stabilization during June. Buyer confidence remains subdued due to inflation and borrowing cost concerns. New buyer enquiries saw a modest improvement, indicating returning market interest. Rental demand is significantly stronger than the sales market. Activity is expected to stay subdued until economic clarity emerges.
UK housing market faces muted sales for next 12 months
Estate agents should prepare for subdued transaction volumes over the next 12 months, according to the latest RICS monthly housing survey. New buyer enquiries recorded a negative net balance of -29%, while newly agreed sales remained weak at -32%. The post UK housing market faces muted sales for next 12 months appeared first on PropertyWire.
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