Activity Drops Amid Price Increases

The UK housing market continues to lack momentum in September, as demand from new buyers and sales fall again and the shift in interest rate expectations contributes to buyer caution in a slowing market, according to the September RICS UK Residential Market Survey. Survey in brief:

·         Buyer enquiries and sales balances slip back a little further in September.

·         National price balance still marginally positive, but London and the South East return weaker readings.

·         Expectations point to a subdued near-term outlook for both prices and sales.

Download the survey from the RICS website.