The Royal Institution of Chartered Surveyors said its October survey showed the 12-month UK house-sales expectations balance fall to -17, the weakest since July 2023. Rising mortgage rates and subdued buyer DemandHow much buyers want at a given price. Stronger demand can make buyers compete with higher offers.Read More weighed on surveyors’ outlook, Reuters reported. The reading is a survey balance, not a 17% fall in completed house sales.
The UK housing MarketA place - physical or digital - where buyers and sellers meet and agree on a price. Lix’s simple rule: no buyers and sellers, no market.Read More outlook weakened in October 2026 as the Royal Institution of Chartered Surveyors (RICS) reported its 12-month house-sales expectations balance falling to -17, the lowest level since July 2023. According to Reuters, rising mortgage rates and subdued buyer demand contributed to growing pessimism among property professionals. The negative reading indicates that more surveyors expect sales activity to decline than increase over the coming year, highlighting continued uncertainty in the UK property market.
