Tarrant Parsons, RICS’ head of market analytics, said that growth in buyer demand “lost a bit of momentum through the early part of the year, with this flatter picture likely linked to the turbulence seen across money markets in the first half of January.”.
"Growth in buyer demand lost a bit of momentum through the early part of the year," he explained, "with this flatter picture likely linked to the turbulence seen across money markets in the first half of January.".
When asked whether they expected sales to increase in the next year, a net balance of plus-30 per cent of respondents said yes.
The Royal Institute of Chartered Surveyors (RICS) reported that both housing demand and sales remained largely unchanged compared to December, attributing the plateau to a recent surge in gilt yields.
The UK housing market appeared to stagnate in January as rising government borrowing costs dampened buyer enthusiasm, according to a new survey.
