Housing market struggled to gain momentum in July, say surveyors
Over the next 12 months, expectations across the UK are more positive, with a balance of 4% of professionals expecting house prices to increase, although…
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Summary
Over the next 12 months, expectations across the UK are more positive, with a balance of 4% of professionals expecting house prices to increase, although London stands out as an area lacking confidence, the report said. The flow of properties coming onto the market also showed signs of stabilising in July, with a small net balance of 4% of professionals seeing a fall in new seller instructions, compared with a more negative 23% of professionals seeing a decrease in June. A net balance of 28% of property professionals in the report saw a fall in new buyer inquiries in July, which was unchanged from June, the Royal Institution of Chartered Surveyors (Rics) said.
Furthermore, But expectations for house sales in the months ahead are becoming more upbeat, with a balance of 3% of professionals expecting an increase, which is the most positive reading Rics has recorded since February. A net balance of 30% of professionals reported house prices falling, which was slightly less than a balance of 32% who saw this in June. Although still negative, it is an improvement from a recent low of a net balance of 41% of professionals who saw buyer inquiries fall in March, which Rics said suggests the pace of deterioration in demand has eased.
In addition, House price falls continue to be more widespread than increases across the market, Rics said. Survey feedback continues to indicate that some landlords are reducing their portfolios or leaving the sector altogether, Rics said. Get a free fractional share worth up to £100.
Moreover, After a sustained period of stronger growth, price momentum in Scotland also appears to be flattening, according to the report.
Cross-referenced from 4 sources.
Factual coreconfirmed by several independent voices
Over the next 12 months, expectations across the UK are more positive, with a balance of 4% of professionals expecting house prices to increase, although London stands out as an area lacking confidence, the report said.
reliability low1/2 sourcesThe flow of properties coming onto the market also showed signs of stabilising in July, with a small net balance of 4% of professionals seeing a fall in new seller instructions, compared with a more negative 23% of professionals seeing a decrease in June.
reliability low1/2 sourcesA net balance of 28% of property professionals in the report saw a fall in new buyer inquiries in July, which was unchanged from June, the Royal Institution of Chartered Surveyors (Rics) said.
reliability low1/2 sourcesBut expectations for house sales in the months ahead are becoming more upbeat, with a balance of 3% of professionals expecting an increase, which is the most positive reading Rics has recorded since February.
reliability low1/2 sourcesA net balance of 30% of professionals reported house prices falling, which was slightly less than a balance of 32% who saw this in June.
reliability low1/2 sourcesAlthough still negative, it is an improvement from a recent low of a net balance of 41% of professionals who saw buyer inquiries fall in March, which Rics said suggests the pace of deterioration in demand has eased.
reliability low1/2 sourcesHouse price falls continue to be more widespread than increases across the market, Rics said.
reliability low1/2 sourcesSurvey feedback continues to indicate that some landlords are reducing their portfolios or leaving the sector altogether, Rics said.
reliability low1/2 sources
Reported detailssecondary facts, each attributed to its source
Get a free fractional share worth up to £100.
according to The IndependentAfter a sustained period of stronger growth, price momentum in Scotland also appears to be flattening, according to the report.
according to Evening Standard
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Over the next 12 months, expectations across the UK are more positive, with a balance of 4% of professionals expecting house prices to…
omitted byCentercovered byLeft sideRight sideThe flow of properties coming onto the market also showed signs of stabilising in July, with a small net balance of 4% of professionals…
omitted byCentercovered byLeft sideRight sideA net balance of 28% of property professionals in the report saw a fall in new buyer inquiries in July, which was unchanged from June, the…
omitted byCentercovered byLeft sideRight sideBut expectations for house sales in the months ahead are becoming more upbeat, with a balance of 3% of professionals expecting an increase,…
omitted byCentercovered byLeft sideRight sideA net balance of 30% of professionals reported house prices falling, which was slightly less than a balance of 32% who saw this in June.
omitted byCentercovered byLeft sideRight side
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