Brighter look for new builds

Home buyer inquiries increase overall for first time this year - surveyors

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New home buyer inquiries rose overall in June marking the first month to see an increase this year so far-according to surveyors.

The Royal Institution of Chartered Surveyors (Rics), which released the report, said the figures point to a period of stabilisation rather than a strong recovery.

Its report for the month of June found that a net balance of 3% of property professionals saw new buyer inquiries rise rather than fall.

This was the first time since December 2024 that buyer demand has moved out of negative territory, the report said.

It is also a noticeable improvement compared with May, when a balance of 22% of professionals reported a fall in new buyer inquiries, the report said.

Despite the positive trend, surveyors expect sales momentum to remain subdued in the near-term, with a broadly flat outlook for sales volumes over the next 12 months.

New instructions to sell have seen a slight decline, with a net balance of 3% of professionals seeing a rise in June, down from 7% in May.