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© 2018 RICS© 2018 RICS
Housing Market
Update
May 2019
Headline rent expectations are consistent with a modest rise in UK rental values
Driven by positive tenant demand alongside falling landlord instructions
Rents across the capital are also expected to pick-up over the coming year
In the sales market, the headline price balance suggests national price inflation could turn negative in the coming months
The most negative feedback continues to come from London
And the South East
That said, Northern Ireland and Scotland are the only two regions where prices are reportedly rising at a solid pace
A notable share of contributors state that sale prices are coming in below asking prices in the mainstream market
This proportion is significantly higher for homes marketed at above £1m
The trend in buyer enquiries suggests transaction activity is likely to slip over the coming months
Looking ahead, prices and sales trends are expected to stabilise over the twelve month horizon
Rents are expected to rise at a faster pace than prices in the coming year
And over the next five years