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.

Buyer demand broadly flat in January but sales volumes are still expected to rise gently over the months ahead.

The January 2025 RICS UK Residential Survey results signal a broadly flat monthly picture for sales market activity, with measures of demand and sales both easing slightly to now sit in neutral territory. Nevertheless, despite the slight stalling in momentum of late, respondents continue to envisage a modest expansion in sales volumes as the year progresses.

Headlines:

• Sales market activity appears to level-off

• House prices continue to rise steadily at the national level

• Further pick-up reported in new instructions to sell.