UK Residential Market Survey January 2024 [Electronic resource]
Language: English Series: RICS UK Residential Market SurveyPublication details: London, Royal Institution of Chartered Surveyors, February 2024Description: 18pSubject(s): Online resources: Summary: The January 2024 RICS UK Residential Survey results show another slight improvement across all sales market activity indicators. Moreover, sentiment regarding the outlook for sales volumes over the coming twelve months has turned increasingly positive, supported by expectation that interest rates will ease back to a certain degree as the year progresses. At the national level, the new buyer enquiries series posted a net balance reading of +7% in January, up from a figure of -3% previously. As such, this is now consistent with a gradual recovery coming through for buyer demand. Although still relatively modest in a longer term context, the latest reading is in fact the most positive since February 2022.| Item type | Current library | Call number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|
| Online material | Virtual Online | MARKET DATA (Browse shelf(Opens below)) | Available |
The January 2024 RICS UK Residential Survey results
show another slight improvement across all sales
market activity indicators. Moreover, sentiment
regarding the outlook for sales volumes over the
coming twelve months has turned increasingly positive,
supported by expectation that interest rates will ease
back to a certain degree as the year progresses.
At the national level, the new buyer enquiries series
posted a net balance reading of +7% in January, up
from a figure of -3% previously. As such, this is now
consistent with a gradual recovery coming through
for buyer demand. Although still relatively modest in
a longer term context, the latest reading is in fact the
most positive since February 2022.