RICS Residential Market Survey June 2026

Key takeaways

Sales market remains subdued, but the pace of deterioration is easing

• New buyer enquiries improved to -29% in June (from -34% previously) the least downbeat reading since February. 
• Agreed sales turned less negative at -32% (from -35%).
• Near-term sales expectations improved to -16% (from a recent low of -34% in March).
• Twelve-month sales expectations were broadly flat at 1%.

Supply pipeline narrows

• New vendor instructions fell further to -23% in June (from -10%), the weakest reading in more than a year.
• Market appraisals slipped to -22%, as the pipeline of future listings shrinks.

House prices broadly stable, with some regional divergence

• The headline house price balance came in at -33% in June, broadly in line with -35% and -34% in April and May.
• Price weakness remained most pronounced in the South East and South West, while Northern Ireland, and to a lesser extent Scotland, continued to report firm house price growth.
• Near-term price expectations improved to -32% (from -44%).
• Twelve-month price expectations edged up to +8% (from +6%).

Rental demand picks up but supply still constrained 

• Tenant demand rose to 18% in June, the strongest since May 2025, although still subdued by historical standards.
• New landlord instructions improved slightly to -18% (from -28%), but supply remains constrained.
• Rental price expectations for the next 12 months stand at around 2.5% (three-month moving average basis).