In February, the UK housing market experienced a "soft landing" with stabilized prices and increased buyer confidence according to the RICS survey.
Britain's housing market achieved a "soft landing" with stabilised prices and an increase in buyer confidence in February, according to the Royal Institution of Chartered Surveyors (RICS). RICS's survey suggests a solid rise in new properties being listed for sale, with 21% more property professionals reporting an increase in house listings rather than a decrease. The number of new buyer inquiries also grew for the second month in a row, with 6% more professionals reporting an increase rather than a decrease. Although home sales remained relatively flat in February, the near-term outlook remains cautious due to anticipation of potential mortgage rate increases.
March 14, 2024
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