RICS survey shows falling demand for homes as consumers rein in spending

By Carl Brown2022-06-09T09:38:00

Source: Shutterstock

House prices however expected to rise in the short term due to lack of supply

Surveyors have reported a drop in new buyer inquiries in May.

According to RICS monthly UK Residential Market Survey, more surveyors reported a fall in new buyer inquiries in May than reported rises, with a ‘net balance’ of -7% (see box for an explanation of RICS’ methodology). This was down from April, which saw a positive net balance of 8%.

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