Overview

• A net 26% of RICS surveyors reported a fall in new buyer inquiries in May, marking the fifth consecutive month of declines.
• A net 28% of respondents recorded fewer agreed sales last month, underlining continued weakness in transaction volumes.
• House prices held broadly flat across the UK, with East Anglia and the southwest seeing softer values while Northern Ireland registered further gains.
• New sales instructions increased for the eleventh month in a row, creating a deeper pipeline of listings for the summer market.
• Tenant demand strengthened as landlord listings dwindled, leading 43% of letting agents to predict near-term rent increases.