The Royal Institution of Chartered Surveyors (RICS) UK Residential Property Monitor for May 2023 revealed that while some positive trends have emerged, expectations about further interest rate rises may introduce renewed downward pressure on the market in the months ahead. Regarding demand, the net headline balance for new buyer enquiries was -18% (net balance) in May. Although this indicates a subdued trend in buyer demand, the latest reading is up from a net balance of -34% in April and represents the least negative figure over the past twelve months. This trend is consistent across the country, with a less ... (full story)