May’s RICS survey points to a modest fall in house prices. But the rest of the survey is harder to interpret. It suggests that activity fell from April’s already very low level, despite lockdown restrictions easing during the month – which is a surprise. Rather, we think housing demand and sales probably saw some improvement in the latter half of the month.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.