UK Residential Market Survey, April 2025 (published 6th May 2025).
What is the UK Residential Market Survey?
The UK Residential Market Survey is used by the government, the Bank of England and other key institutions, including the IMF, as an indicator of current and future conditions in UK residential sales and lettings. It is covered extensively in the media and is the leading source of market intelligence, highly regarded both by investors and across the industry.
Sales market activity continues to decline
Measures of new buyer demand and agreed sales weaken further
Recent trend in house prices appears more or less flat at the national level
Forward-looking sentiment remains cautious on the near-term outlook
The April 2025 RICS UK Residential Survey results point to a further weakening across the sales market, evidenced by measures of activity slipping deeper into negative territory over the month. Similarly, near-term expectations suggest this subdued trend will persist through spring, albeit sentiment regarding the twelve-month outlook appears somewhat more resilient at this stage.