
Buyer demand remains subdued as market slowdown eases in June – RICS
New buyer enquiries showed a headline net balance of -29%, a slight improvement compared with -34% in the previous two surveys.

New buyer enquiries showed a headline net balance of -29%, a slight improvement compared with -34% in the previous two surveys.

Buyer demand and sales activity remained subdued in May, but the latest RICS survey suggests the pace of deterioration in the housing market may be beginning to ease.

Most regions saw softer demand, and sales also fell, with a net balance of -36%.

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In lettings, tenant demand was largely unchanged at 2%, but landlord instructions stayed negative at -27%.

Price growth was strongest in Scotland and Northern Ireland, with the North West and North of England also showing gains.

Infrastructure is expected to lead the way in 2026, with workload expectations up to a net balance of 32%, the highest across all sectors.

32% of contributors said market conditions matched the early stages of an upturn, up from 27% in the previous quarter.

Buyer demand and sales remain in negative territory, but expectations for activity and prices have strengthened as rate-cut hopes grow.

Demand for new buyers dropped by 32% for new enquiries, the lowest since late 2023.

Nearly a third of surveyors described the situation as “critical” and said it was impacting project delivery and productivity.

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