Sales trends are stabilising across London according to RICS

September 14, 2018

RICS Residential Market Survey report – August 2018 published 13th September 2018 headlines ‘Solid housing market in Scotland and Northern Ireland’.

The RICS report reveals that regionally, after a sharp fall in activity at the end of last year, current sales trends are stabilising in London. Momentum is still slipping across East Anglia and the wider South East, however sales in August were solid across Northern Ireland, Scotland and the South West.

Simon Rubinsohn, RICS Chief Economist said:

“While a combination of a lack of stock and some level of uncertainty, both relating to the interest rate outlook and Brexit, has had an impact on activity, the overall picture in these areas is still encouraging. The story in London and the South East is, as has been widely recognised, rather more challenging but it is important that this is not seen as being indicative of the wider market.”

Read the RICS Residential Market Survey – August 2018 in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Letting Agent Talk

Fixed-Term Tenancies on the Way Out – What Landlords and Tenants Need to Know.

By Allison Thompson, National Lettings Managing Director, Leaders (part of LRG) The private rented sector is set for one of its biggest changes in years. The Renters’ Rights Bill, which entered Parliament in September 2024 and is now progressing through the House of Lords, proposes to end fixed-term tenancy agreements for good. If passed in…
Read More →
Breaking News

A third of Britons aspire to own buy-to-let properties, new study finds

Nationally representative survey of 2,000 UK adults reveals: 33% want to own a buy-to-let property in the future 60% believe property investment is a good way of building long-term wealth 37% would rather invest in a BTL property over stocks and shares   A third of UK adults aspire to own a buy-to-let (BTL) property,…
Read More →
Breaking News

UK house prices growing by 2.5% according to Halifax

Nathan Emerson, CEO of Propertymark: “This slight dip in house prices will likely have been influenced as a direct consequence to the current state of the global economy. There will always be a need for people to move house regardless of international trading relations; however, many aspiring or current homeowners will no doubt be discouraged…
Read More →
Breaking News

UK house prices dip slightly in May, but market remains steady

Average property price now £296,648 compared to £297,798 last month Annual rate of growth slows to +2.5% from +3.2% in April Overall house prices have remained stable so far this year Northern Ireland continues to lead annual price growth in the UK Amanda Bryden, Head of Mortgages, Halifax, said: “Average UK house prices fell by…
Read More →
Breaking News

Estate Agent Content

Do you think that your estate agency / property business requires content? Is content marketing still a thing in 2025? Are you concerned if anyone will read your words? Is it worth investing in estate agent content? Businesses with blogs generate 67% more leads than those without. As competition for attention online increases it remains…
Read More →
Breaking News

The cost of voids rises by £200 for England’s landlords

The latest analysis by Dwelly, one of the UK’s leading lettings acquisition and success planning experts, has found that landlords have been hit with a 26% increase in the cost of void periods in the past year, equivalent to lost income of almost £200. Dwelly analysed average void period data from March 2024 and March…
Read More →