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.