UK Residential Market Survey, May 2026 (published 11th June 2026).
Sales market activity remains subdued though the recent decline shows signs of stabilising
Sales activity indicators still clearly negative, but some measures are showing signs of stabilisation
House prices continue to inch lower at the aggregate level
Near-term sentiment remains cautious, while the twelve-month outlook sees marginal improvement
The May 2026 RICS Residential Market Survey results indicate that a challenging macroeconomic backdrop continues to weigh on demand, although some of the downward momentum seen in recent months appears to be stabilising. While forward-looking measures remain cautious in the near term, expectations have improved slightly over the twelve-month horizon.
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.
Navah Consulting’s View
In our opinion, the market remains steady but highly price-sensitive. Buyer demand is still subdued and transactions are taking longer to complete, however there are signs that activity levels are beginning to stabilise after a weaker start to the year. Properties that are realistically priced continue to attract interest, whilst overpriced stock is often experiencing extended marketing periods.
Although short-term sentiment remains cautious, we consider the longer-term outlook to be more balanced, with modest growth likely in stronger regional markets once confidence improves. Overall, accurate pricing remains the key factor in achieving a successful sale. At Navah Consulting, we continue to support buyers, sellers and investors with clear, independent advice through:
• RICS Home Survey Level 2 & Level 3
• RICS Red Book Valuations (sale, purchase, probate, shared ownership, Help to Buy)
• Reinstatement Cost Assessments
As RICS-qualified surveyors based in Bishop’s Stortford, we are well placed to assist clients across Hertfordshire, Essex, Cambridgeshire, London and the surrounding areas. Key areas include Bishop’s Stortford, Stansted Mountfitchet, Cambridge, Hertford, Harlow, Sawbridgeworth, Chelmsford and Saffron Walden.
If you are considering buying, selling or simply require professional guidance, please feel free to get in touch, our team will be happy to help.
Navah Consulting - Surveying Made Simple
