What is the UK Residential Market Survey?

The UK Residential Market Survey is used by the government, the Bank of England and other key institutions, including the IMF, as an indicator of current and future conditions in UK residential sales and lettings. It is covered extensively in the media and is the leading source of market intelligence, highly regarded both by investors and across the industry.

Sales market activity continues to display a more positive trend.

The September 2024 RICS Residential Survey results point to a sustained improvement in market activity, with measures of demand, sales and new listings all continuing to return positive readings. Moreover, forward-looking sentiment is consistent with further modest growth in headline sales volumes over the coming months, while expectations for the year ahead are also firmly in expansionary territory.

Headlines:

• New buyer enquiries indicator remains in positive territory

• Number of sales agreed also improves, with near-term expectations pointing to further growth

• National house price indicator moves out of negative territory.