Surveyors Report Falling Homebuyer Demand but Predict Sales and Price Increases
In Brief
New buyer enquiries fell to their lowest since mid-2024, but surveyors expect sales and prices to rise.
Key Facts
- The Royal Institution of Chartered Surveyors reported a drop in new buyer enquiries in February.
- New buyer enquiries reached their net lowest level since mid-2024.
- Surveyors surveyed expect both sales and prices to rise despite the fall in demand.
What Happened
According to the Royal Institution of Chartered Surveyors, new buyer enquiries in February fell to their lowest net level since mid-2024. Despite this, surveyors anticipate increases in both sales and prices.
Why It Matters
Changes in homebuyer demand and expectations for future sales and prices can influence the housing market and related economic activity. Market participants may monitor these trends for signs of broader shifts. Based on a single source report
What's Next
Observers may look for future data on buyer enquiries, sales, and prices to assess whether surveyors' expectations are met. Further reports from industry groups could provide additional context.
Sources
- The Independent — Homebuyer demand falling but surveyors expect sales and prices to rise – survey(7h ago)