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Demand for homes continues

  • A net balance in demand of +64% was reported by survey participants for renter demand. This is the strongest result since 1999.
  • In the sales market, participants recorded a net balance of +16% for new buyer enquiries, up from +9% in December. This is the strongest figure since May 2021.
  • Conversely, supply of properties (new instructions) remains constrained in both the lettings and sales markets and will continue to put pressure on prices.

Source: Dataloft, RICS (net balance of survey participants).

The RICS net balance score is calculated by the proportion of survey respondents reporting a rise minus those reporting a fall in the given indicator.

James Williams 21.02.22

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