RICS: Sales expectations drop to lowest since start of the pandemic

estate agency

New buyer enquires fall but lack of supply mean house prices growth remains strong for now

Surveyors are more pessimistic about home sales than at any point since the beginnings of the pandemic lockdown.

The Royal Institution of Chartered Surveyors (RICS) latest residential market survey reveals a net balance of -36% of surveyors are expecting prices to increase in the next 12 months. This is down from -21% last month and is the lowest figure since March 2020. The net score for sales expectations over the next three months also fell from 11% to 20%. 

The survey also revealed that the score for new buyer enquiries came in at -25%, compared to -27% last month.

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