August 2018: UK Residential Market Survey By RICS
The August 2018 RICS Residential Market survey reported robust price growth across Yorkshire, Humberside, North West & the Midlands. Sales expectations also suggest that activity is likely to remain stronger away from the South of England.
Recent reports have posted that national house prices have declined sharply for the first time since July 2012. However, the August 2018 RICS Residential Market survey continues to show stronger trends in large parts of the UK. The disconnect is most evident in the headline price balance series. For example, the key indicator stands at +39% in Wales, and also remains firmly positive across the North West, the Midlands as well as in Yorkshire and Humberside.
Nevertheless, weakness in London and the South East continues to provide an offsetting impact, leading the headline net balance to dip to +2%, compared with +4% in July.
Read the full article: www.rics.org