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Rics Report

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http://www.rics.org/NR/rdonlyres/6A0342AA-...F/0/hms0506.pdf

And the comments from the three strongest regions, and the three weakest

Strongest

London +54

House prices rose at the fastest pace since June 2002,

more than twice the survey’s long run average, and is

significantly stronger than the rest of the country.

Newly agreed sales rose firmly in May, while new

instructions to sell property declined for the 13th

consecutive month. Buying enquiries rose at the fastest

pace since November 2005, well above the survey’s long

run average.

Confidence in sales activity maintained the momentum

of the previous few months, while the outlook for prices

is viewed as very strong, hitting the highest level since

June 2002.

Scotland +41

House prices continue to rise briskly, with the little significant

change in the strong upward trend in prices yet apparent.

Newly agreed sales showed a large rise in May. New

instructions to sell property also rose firmly, up at the fastest

pace since last August. New buyer interest jumped sharply in

May, rising at the fastest pace since last August.

Confidence in the sales outlook eased in May, to the lowest

level since last September, as did price expectations. However,

confidence in price rises remain at a high level.

South East +38

In May, house prices rose at the fastest pace since

September 2002, and at more than twice the survey’s

long run average.

Newly agreed sales rose at the fastest pace since Jan

2004, while new instructions to sell stabilised

following four months of decline. Buying enquiries

rose strongly in May, up at the fastest pace since

August 1999.

Confidence in the sales outlook rose to the highest

level since last December, and is more than twice the

survey’s long run average. Price expectations rose at

to the highest level since April 2002, more that four

times the survey’s long run average.

Weakest

East Midlands -2

House prices were static for a second consecutive

month, while overall demand conditions remain lacklustre.

Newly agreed sales rose in may but only reversed last

month’s decline. New instructions to sell rose at their

fastest pace since last August. Buying enquires were

flat and have generally shown little change over the

past five months.

Confidence in sale activity rose in May to above the

survey’s long run average. Confidence in the outlook

for prices rose to their highest level since November,

though nevertheless is still quite muted.

West Midlands -1

House prices stabilised in May following 20 consecutive

months of decline.

Newly agreed sales rose moderately in May, though are

still up at their fastest pace since November. New

instructions to sell also rose. Buying enquiries are rising

firmly , up for an 11th consecutive month.

Confidence in sales rose to the highest level in the

survey’s history, indicating upbeat expectations for

activity. The price outlook is also viewed positively, with

surveyor confidence the highest since May 2004.

Wales +3

House prices were little changed for a second

consecutive month after dropping slightly in March.

Newly agreed sales continue to edge higher and buyer

enquiries are showing very firm increases, rising at twice

the survey’s long run average.

Confidence in sales activity eased slightly although it

remains at good levels. However, price expectations

have stayed muted, falling to the lowest level since

February.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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