Sentiment for pricing over the next 3 months is positive

Posted on Monday, March 21, 2022

  • House prices and rental values are expected to rise across most of the UK over the next three months, based on the latest RICS sentiment survey.
  • All surveyors in the North and West Midlands thought rents would rise over the next 3 months. Confidence for house price growth highest in Yorkshire & The Humber, North West and London.
  • Expectations of house price growth have risen despite the interest rate rise in December, as stock levels remain close to historic lows.
  • The continued imbalance in supply and demand is also the driving force behind rental growth. National 12 month rental growth projections now stand at 4.5%. Source: Dataloft, RICS (net balance score is calculated by the proportion of survey respondents reporting a rise minus those reporting a fall in the given indicator)