UK Housing Market Cools Regardless of Upbeat Surveyors; Optimistic Outlook Forward

Knowledge for the UK housing market from the Royal Establishment of Chartered Surveyors (RICS):

January home worth stability is available in at +22

• December was +26 (which was the very best studying since September 2022)
• survey’s measures of development in new purchaser enquiries and
  agreed gross sales each weakened

RICS remark:

• “Progress in purchaser demand misplaced a little bit of momentum by means of the
  early a part of the yr, with this flatter image probably linked
  to the turbulence seen throughout cash markets within the first half of
  January,”
• “Transferring ahead, respondents proceed to envisage a barely
  constructive near-term outlook for gross sales exercise. This ought to be
  additional supported by the unwinding of among the pressures
  round mortgage rates of interest over the previous couple of weeks.”

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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