Homebuyer and seller activity has finally started to turn positive, according to the Royal Institution of Chartered Surveyors (RICS) suggests.
The latest RICS Residential Market Survey shows new buyer enquiries were at +7% in January among respondents, up from -3% in December and the strongest level since February 2022.
The percentage balance measure for agreed sales has also flipped from -5% to +5%, while respondents saw sales picking up over the next three months, with +14% on balance stating that they believe rises are coming.