September 2018: UK Residential Market Survey

Sales outlook turns more cautious

 

  • New buyer enquiries weaken slightly while twelve month sales expectations turn negative
  • Prices remain flat nationally with regional disparity still pronounced
  • Volume of fresh listings continues to fall in both the sales and lettings markets

 

The September 2018 RICS UK Residential Market Survey results show a slight weakening in national new buyer demand for the second successive report. Respondents continue to cite the mixture of affordability constraints, a lack of stock, economic uncertainty and interest rate rises to be holding back activity to a certain degree. What’s more, forward looking indicators have now turned a little more pessimistic with regards to the sales outlook.

Locally the market on all fronts was very busy and at Oliver Miles a shortage of stock is presenting a problem but Swanage does seem to buck national trends.