October 2018: Housing Update By RICS

The latest UK Residential Market Survey from the Royal Institution of Chartered Surveyors (RICS), indicates a more cautious property sales outlook.

Key findings:

  • House price inflation will continue to be moderate
  • Buyer demand has continued to soften
  • Inner London & South East prices look likely to decline further
  • Prices continue to rise firmly in other regions such as the North West
  • Rents are also anticipated to rise further out

The New Business Director of Kensington Mortgages, Craig McKinlay comments on the findings: “As these findings show, the UK housing market is suffering from a bottleneck effect. When we look at the big picture, a lack of supply coming onto market is slowing down the housing chain – discouraging homeowners from downsizing and, in turn, preventing suitable properties being freed up for first time buyers or second steppers.”

Read the full article: www.rics.org

A recap of the August 2018, UK residential market survey by RICS