Posted on Jun 22, 2020

The Mortgage Bureau

Following the reopening of the housing market new buyer enquiries moved from a record low of -94% in April to -5%, in May 2020 according to RICS. In an extra question in the May survey respondents predicted an increase in desire for properties with gardens or balconies. near green spaces and greater private and less communal space.

Newly agreed sales remained in negative territory, with a net balance of -35%, alongside a net -20% of contributors/agents reporting new instructions falling in May. However, Ross Counsell, chartered surveyor and director at Good Move, said: “Today’s RICS Residential Market Survey results point to a slight improvement in the outlook for sales over the coming 12 months. “It’s also reassuring to see that new buyer enquiries moved from -94% in April to -5% in May, which showcases a more stable demand – this is good news for the UK property market.

For help in buying your next property in Cambridge please call The Mortgage Bureau on 01223 656412.
Contact Us
Message sent. We'll get back to you soon.