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UK Residential Market Survey January 2025 [Electronic resource]

By: Contributor(s): Language: English Series: RICS UK Residential Market SurveyPublication details: London, Royal Institution of Chartered Surveyors, February 2025Description: 17pSubject(s): Online resources: Summary: The January 2025 RICS UK Residential Survey results signal a broadly fl at monthly picture for sales market activity, with measures of demand and sales both easing slightly to now sit in neutral territory. Nevertheless, despite the slight stalling in momentum of late, respondents continue to envisage a modest expansion in sales volumes as the year progresses. During January, the new buyer enquiries indicator returned a net balance of zero at the headline level, which is now indicative of a broadly fl at trend over the month. What’s more, this series has continued to moderate gradually in each of the past fi ve reports having hit a recent high of +16% back in August (suggesting demand growth has lost impetus). With regards to the survey’s tracker of agreed sales, the latest net balance reading of +3% is also consistent with a more or less static picture, having eased from a marginally stronger figure of +7% in the December 2024 results.

The January 2025 RICS UK Residential Survey
results signal a broadly fl at monthly picture for
sales market activity, with measures of demand
and sales both easing slightly to now sit in neutral
territory. Nevertheless, despite the slight stalling
in momentum of late, respondents continue to
envisage a modest expansion in sales volumes as
the year progresses.
During January, the new buyer enquiries indicator
returned a net balance of zero at the headline
level, which is now indicative of a broadly fl at trend
over the month. What’s more, this series has
continued to moderate gradually in each of the
past fi ve reports having hit a recent high of +16%
back in August (suggesting demand growth has
lost impetus).
With regards to the survey’s tracker of agreed
sales, the latest net balance reading of +3% is
also consistent with a more or less static picture,
having eased from a marginally stronger figure of
+7% in the December 2024 results.