The Royal Instituate of Chartered Surveyors (RICS)s April 2012 Housing mArket Survey shows that the UK Housing Market continues to be mainly static, with activity levels in April broadly flat.
However although static overall, London continues to outperform the rest of the UK andsurveyors generally see a decline in price expectations.
The Net House Price Balance has slipped from -11 to -19 – this means that 19% more surveyors have seen price falls rather than rises. However a substantial number of respondents, 63%, actually saw no change in prices. Those that did see a fall however mainly saw this within therelatively small 0-2% region.
Regionally Londons march forward was quite dramatix with a massive +40 balance as opposed to -1 for the South East, the 2nd best result.
The worst areas where Northern Ireland with -39 balance and Wales with -31.
Newly agreed sales also weakened with the balance from respondnents at -6, from +10 last month. It is possible that this reflects the payback from sales brought forward by purchasers taking advantage of the stamp duty holiday.
Both new buyer enquiries (+5) and new vendor instructions (+1) remain broadly consistent with an unchanged level of supply and demand.