UK housing market faces muted sales for next 12 months
Original Article Summary
Estate agents should prepare for subdued transaction volumes over the next 12 months, according to the latest RICS monthly housing survey. New buyer enquiries recorded a negative net balance of -29%, while newly agreed sales remained weak at -32%. The post UK housing market faces muted sales for next 12 months appeared first on PropertyWire.
Investor Analysis
RICS June survey confirms the UK housing market remains in a subdued holding pattern, with sales volumes and prices under pressure from interest rate uncertainty, political instability, and Budget tax reform speculation. While some indicators show marginal improvement, a significant near-term rebound is not expected.
Investor Relevance
Investors considering acquisitions or disposals face a market with downward price pressure, thin transaction volumes, and potential CGT/land value tax changes ahead — all of which directly affect entry pricing, exit timing, and portfolio strategy over the next 12 months.
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