Housing demand still weak as mortgage affordability remains ‘stretched’, says RICS

By Daniel Gayne2023-10-12T06:00:00

Stabilisation of interest rates offers glimmer of hope to struggling sector

Housing demand remains weak and is likely to remain so, according to a report from the Royal Institution of Chartered Surveyors.

According to RICS’ monthly UK Residential Market Survey, more surveyors reported a fall than a rise in new buyer enquiries in September, with a net reading of –39%, while agreed sales stood at –37%.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community