Housing market outlook improving as mortgage rates ease, says RICS

sales

Sales expectations improve among surveyors as Bank of England holds base rate again

Buyer demand and sales expectations showed an improved picture in November according to the Royal Institution of Chartered Surveyors (RICS)

RICS’ latest UK residential survey shows a net score of -14% for new buyer enquiries in November. This is the least negative figure since April 2022, although still signals falling demand. For agreed sales, the latest net balance is -11%, compared with -23% in October, which RICS said “suggests the downward trend in sales volumes is easing.”

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