Market Surveys

The UK Residential Market Survey is used by the government, the Bank of England and other key institutions, including the IMF, as an indicator of current and future conditions in UK residential sales and lettings. It is covered extensively in the media and is the leading source of market intelligence, highly regarded both by investors and across the industry.

September 2018 - Sales outlook turns more cautious

The September 2018 RICS UK Residential Market Survey results show a slight weakening in national new buyer demand for the second successive report. Respondents continue to cite the mixture of affordability constraints, a lack of stock, economic uncertainty and interest rate rises to be holding back activity to a certain degree. What’s more, forward looking indicators have now turned a little more pessimistic with regards to the sales outlook.

August 2018 - Prices continue to rise in much of the UK

Amidst reports of house prices (nationally) posting the sharpest monthly decline since July 2012, it is noteworthy that the August 2018 RICS Residential Market survey continues to show stronger trends in large parts of the UK. Significantly, whilst sentiment remains downbeat in London, parts of the wider South East, and to some extent, East Anglia, the results remain more solid in other areas, with Northern Ireland and Scotland in particular standing out.

July 2018 - Landlord instructions fall as rent forecasts edge up

The most striking feature of the July 2018 RICS Residential Market Survey is the worsening trend in new instructions in the lettings sector. This was something that was highlighted in the June report on the basis of monthly non-seasonally adjusted data. However, a broadly similar pattern is visible in the preferred indicator (released at a quarterly frequency and seasonally adjusted).

June 2018 - Medium term expectations cast doubt on supply response

The June 2018 RICS Residential Market Survey results continue to point to a broadly stable picture, at least as far as the headline numbers are concerned. However, the generally subdued tone to the aggregated data is still masking materially divergent trends at a more localised level.

May 2018 - Activity indicators still point to little impetus

The May 2018 RICS Residential Market Survey results are tentatively showing some signs of stability coming through on the supply side, with the new instructions indicator moving out of negative territory for the first time in 27 months.

April 2018 - Price balance dips but demand and sales stabilise

The April 2018 RICS Residential Market Survey results show a steadier trend emerging for sales activity across the UK, with key indicators more stable relative to recent
months.

March 2018 - Demand backdrop deteriorates further

The results of the March 2018 RICS Residential Market Survey continue to point to subdued momentum, with key activity indicators still in negative territory at the national
level.

February 2018 - Activity indicators continue to weaken

The results of February 2018 RICS Residential Market Survey provide little sign of any material shift in sentiment amongst respondents, at least as far as the headline numbers are concerned.

January 2018 - Momentum still soft to start the year

The January 2018 RICS UK Residential Market Survey results show the year starting off in a very similar vein to the closing stages of 2017.

December 2017 - Headline activity indicators remain subdued for now

The December 2017 RICS UK Residential Market Survey results continue to display a lack of momentum at the headline level.

November 2017 - House prices remain broadly flat at the national level

The UK housing market remains flat at a headline level in the run up to Christmas, according to the November 2017 RICS UK Residential Market Survey.

October 2017 - Demand backdrop continues to deteriorate

The October 2017 RICS UK Residential Market Survey shows both demand and sales continuing to soften at the national level, with most regions displaying a flat to negative trend in the latest results. Meanwhile, forward looking indicators are suggesting momentum is likely to remain subdued, at least in the near term.

September 2017 - Activity indicators remain subdued in September

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.

August 2017 - Flat headline readings mask mixed regional picture

There is an increasingly mixed picture across the UK housing market, according to the August 2017, UK Residential Market Survey. Although the headline level shows a return to growth, sentiment is less positive in prime central London and to a lesser extent the wider South East, alongside the North and East Anglia.

July 2017 - Activity in UK housing market faltering

Record low stock numbers, political uncertainty and the aftermath of tax changes are obstacles hindering the UK housing market, according to the RICS UK Residential Market Survey, with price growth and sales activity subdued during the month of July

June 2017 - Uncertainty stifles market sentiment

House price inflation dropped further in June, according to the latest RICS UK Residential Market Survey. At the same time there's little encouragement for sales activity with agreed sales declining alongside new buyer enquiries and new instructions.

This trend is also being reflected in medium term sales expectations where the twelve month indicator, while still positive, has slipped to its lowest level since the immediate aftermath of the referendum [net balance of +12%].

May 2017 - Election causing buyers to "wait and see"

Enquiries from new buyers, new instructions from those wanting to sell, and agreed sales in the housing market, have once more declined in May, according to the latest RICS UK Residential Market Survey. In addition, price growth also lost momentum and is predicted to slow further over the next three months.

April 2017 - Key indicators show little near term impetus

The April 2017 RICS UK Residential Market Survey results show momentum continuing to ebb, with sales declining slightly over the month and the new buyer enquiries series edging lower. Meanwhile the flow of fresh listings to agents (new instructions) weakened further.

March 2017 - Residential sales still lack impetus

The UK housing market continues to lack impetus, with new buyer enquiries and agreed sales stagnant in March. The number of properties coming on to the market also dropped further and consequently respondents to our latest Residential Market Survey have reduced predictions for sales growth in the year ahead.

February 2017 - Rental growth expectations strengthen further

The February 2017 RICS UK Residential Market Survey shows key activity indicators in the sales market remain subdued with transaction volumes broadly unchanged for the third month in succession. New buyer enquiries were again flat and have now failed to see any meaningful growth since November 2016.

Near term expectations remain positive but point to a relatively modest rise in activity in the months to come.

January 2017 - Landlords expected to scale-back portfolios

The results of the January 2017 RICS UK Residential Market Survey again point to a sales market that is lacking momentum, with transaction volumes and enquiries both seeing relatively little change over the month (on a seasonally adjusted basis).

Meanwhile, a shortage of supply remains a challenge in the lettings market - an issue that could worsen over the medium term - as respondents expect landlords to decrease their portfolios over the next three years.

December 2016 - Sales market struggling to build momentum

The December 2016 RICS UK Residential Market Survey results point to sales activity stuttering somewhat having appeared to be gaining momentum over recent months. The latest findings also show respondents paring back their expectations for the near term growth in transactions. 

Nonetheless, this does follow a string of reports in which confidence in the outlook improved steadily and it remains to be seen whether or not this is a temporary setback or the onset of a weaker trend.

November 2016 - No easing in housing supply constraint for now

The November RICS Residential Market Survey shows a small increase in new buyer enquiries for the third consecutive month, with near term expectations pointing to a continued, albeit relatively modest, rise in activity over the months to come.

The headline RICS price balance came in at 30% in November, it’s highest reading since April, with more respondents in most areas seeing some increase rather than a decrease.

October 2016 - Modest improvement with confidence gradually improving

The October RICS Residential Market Survey shows new buyer enquires increased modestly for the second consecutive month while new instructions remained broadly flat at the headline level. Near term price expectations increased slightly but still point to very limited growth over the months to come.

The headline national price balance crept higher to 23%, from 18% previously with respondents in all areas except London and the North East reporting growth.