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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