Agents view of the market

In this quick article we take a quick look at how agents across the country have gauged the property market since lockdown

The July Sentiment Survey by Royal Institution of Chartered Surveyors, gauging the mood of agents, showed a significant pick-up in the housing market.
The stamp duty holiday has increased demand in July, agents report a significant increase in new buyer enquiries and new instructions. Agreed sales have also risen, indicating recovery in transaction levels.
Agents expect sales to increase over the next 3 months, however 12 month sale projections remain negative, a result of the furlough scheme and stamp duty holiday ending.
House price growth moved into positive territory for the first time since March. +8% of agents expect house prices to increase over the next 12 months. Source: Dataloft, Royal Institution of Chartered Surveyors

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