Levenshulme and Burnage Property News

Market outlook – RICS survey results

TomS - Head Tom Simper Mar 15, 2024, 12:00 PM

With interest rates peaking and a lower inflation rate, there have been more reasons for cautious optimism in the market outlook.

There are a number of leading indicators we can look to on how the market is faring. One of these is the Royal Institution of Chartered Surveyors (RICS) Monthly Survey which leads trends in England and Wales house prices.

The survey's headline net balance indicator points to continued stabilisation in house prices over the next few months and a potential return to low levels of positive price growth.

The net balance indicator tracks the number of surveyors each month expecting a price rise versus those that expect a price fall.

The February 2024 survey also pointed to a more positive trend emerging in both buyer enquiries and new seller listings. Source: #Dataloft, RICS (Feb 2024), Land Registry, UKHPI.

Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

Join our Newsletter

About The Blog

This Blog looks at what is happening in Manchester, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area. 

Tom Simper - Editor

TomS - Head











Manchester is one of the fastest growing markets in the country.  If you need any assistance buying, selling or letting properties in the area we have over 30 years of experience and local knowledge to help.

T: 0161 441 0563
E: [email protected]

"Sean is lovely every time he comes round to do an inspection on the house, really polite"

- Charlotte

"As a tenant, this might be the best agency I've worked with so far."

- Jeddy

"Great experience with Peter Anthony! Yaseen Hassan was professional, responsive, and incredibly helpful"

- Samuel Benedict

"Abbey was lovely, really helpful and informative, thank you!"

- Lisa

"Sold a property, and Gill was amazing throughout the process!"

- Rachel

"Gill and Abbey were quick and efficient to get my place sorted"

- Charlene

"Abbey was very nice and explanatory in all she was saying and Gill is quick to respond"

- Tope

"Any issues Peter Anthony have been spot on and Sean as been professional and helpful at all times"

- Ian