UK Residential Market Survey December 2024 [Electronic resource]
Language: English Series: RICS UK Residential Market SurveyPublication details: London, Royal Institution of Chartered Surveyors, January 2025Description: 17pSubject(s): Online resources: Summary: The December 2024 RICS Residential Market Survey results point to the slightly brighter picture seen over recent months remaining in place, with most activity metrics still in modestly positive territory. That said, while near-term expectations are, for the time being, consistent with this trend being broadly sustained over the coming months, the macroeconomic environment looks to have turned more challenging of late. Indeed, the recent rise in bond yields along with other lending rates, if sustained, may prove to be a significant headwind moving forward. During the final month of the year, a headline net balance of +5% of respondents cited an increase in new buyer enquiries. This is slightly down from the +11% reading registered in each of two previous months and does in fact mark the least positive return since July. As such, the December figure is signalling a flatter trend now coming through in terms of buyer demand| Item type | Current library | Call number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|
| Online material | Virtual Online | PROPERTY MARKET DATA (Browse shelf(Opens below)) | Available |
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| PROPERTY MARKET DATA August 2024 RICS/Ci Portuguese Housing Market Survey | PROPERTY MARKET DATA September 2024 RICS/Ci Portuguese Housing Market Survey | PROPERTY MARKET DATA October 2024 RICS/Ci Portuguese Housing Market Survey | PROPERTY MARKET DATA UK Residential Market Survey December 2024 | PROPERTY MARKET DATA Global Commercial Property Monitor Q4 2024 | PROPERTY MARKET DATA UK Residential Market Survey January 2025 | PROPERTY MARKET DATA UK Commercial Property Monitor Q4 2024 |
The December 2024 RICS Residential Market
Survey results point to the slightly brighter picture
seen over recent months remaining in place, with
most activity metrics still in modestly positive
territory. That said, while near-term expectations
are, for the time being, consistent with this trend
being broadly sustained over the coming months,
the macroeconomic environment looks to have
turned more challenging of late. Indeed, the recent
rise in bond yields along with other lending rates, if
sustained, may prove to be a significant headwind
moving forward.
During the final month of the year, a headline net
balance of +5% of respondents cited an increase in
new buyer enquiries. This is slightly down from the
+11% reading registered in each of two previous
months and does in fact mark the least positive
return since July. As such, the December figure is
signalling a flatter trend now coming through in
terms of buyer demand