RICS Residential Market Survey April 2014
May 8, 2014
RICS recently released data from their Residential Market Survey for April 2014. The report is a leading sentiment indicator of conditions in the UK residential sales and lettings markets.
The headline data shows that house prices continue to to increase as the imbalance between demand and supply continues while demand for Private Rented Sector property has grown, but only slowly. The data also states that new landlord instructions have remained flat with respondents expecting growth in rental prices of just under 2% over the coming 12 months.