Demand stabilising but prices set to remain firm

In this quick speed read we look at the current demand levels in the property marketing according to the latest RICS Residential Survey

Buyer demand is stabilising according to the latest edition of the RICS Residential Survey.
At a national level the new buyer enquiries indicator posted a net balance of zero in September, a sign of stable demand.
For the third consecutive month the volume of newly agreed sales fell back, a net balance of agents (-15) citing a decline.
Sales volumes are expected to remain steady throughout the final quarter of 2021, a continued shortage of supply sustaining pressure on prices.
Source: Dataloft, RICS

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