RE: Time to look at the stock8 Aug 2024 14:53
And yet another from RICS a few minutes ago .....
UK housing market picks up as mortgage rate fall, RICS survey shows
(Sharecast News) - The UK house sales market turned a "bit sunnier" last month, according to the latest UK Residential Survey by the Royal Institution of Chartered Surveyors (RICS), with near-term sales expectations now at their strongest in four and a half years.
The monthly RICS survey found that falling mortgage rates during July improved positivity in the sector, with net new buyer enquiries picking up 2%, after a 6% drop in June. This was the first time in four months that buyer numbers have grown.
Sales trends also improved with the decline in the number of agreed sales falling by a net 2%, following falls of 6% and 13% in June and May respectively.
Looking ahead, a net 30% of respondents to the RICS survey predict rising sales over the next three months - the strongest reading since January 2020. Meanwhile, the longer-term outlook was also optimistic, with a net 45% expecting sales increases in 12 months, up from 40% in June.
https://www.lse.co.uk/news/uk-housing-market-picks-up-as-mortgage-rate-fall-rics-survey-shows-lzsy80vluzkmrdj.html