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UK Residential Market Survey December 2023 [Electronic resource]

By: Contributor(s): Language: English Series: RICS UK Residential Market SurveyPublication details: London, Royal Institution of Chartered Surveyors, January 2024Description: 17pSubject(s): Online resources: Summary: The December 2023 RICS UK Residential Survey shows activity picking up, and an improvement on last month's figures as the trend towards lowered mortgage rates continues. Near-term sales expectations moved up a touch more positively, while the longer-term outlook illustrates a market moving out of negativity and into a flatter environment. The new buyer enquiries indicator registered a reading of -3% in December, up from the -13% result in November, approaching a flat reading. This is the fourth successive month recording a reduction in negative buyer enquiry activity, moving into neutral territory (between -5 % and +5%) for the first time since April 2022.
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The December 2023 RICS UK Residential Survey shows activity picking up, and an improvement on last month's figures as the trend towards lowered mortgage rates continues. Near-term sales expectations moved up a touch more positively, while the longer-term outlook illustrates a market moving out of negativity and into a flatter environment. The new buyer enquiries indicator registered a reading of -3% in December, up from the -13% result in November, approaching a flat reading. This is the fourth successive month recording a reduction in negative buyer enquiry activity, moving into neutral territory (between -5 % and +5%) for the first time since April 2022.