The RICS UK Residential Market Survey showed that the house price balance edged up to -30% in July 2026 from -32% in June, remaining firmly negative as price falls continued to outnumber rises. New buyer enquiries were unchanged at -28%, while agreed sales held at -30%, indicating that demand and transactions remained subdued. New vendor instructions improved sharply to -4% from -23%, although the pipeline of new listings remained constrained. London, the South East and South West continued to report the weakest price balances, while Northern Ireland remained an outperformer. Looking ahead, three-month price expectations stayed weak at -31%, while the 12-month outlook turned slightly positive at +4%. Sales expectations also improved, with the 12-month balance rising to +3%. In the rental market, landlord instructions remained weak at -27%, keeping supply constrained, while 28% of respondents expected rents to rise over the next three months. source: Royal Institution of Chartered Surveyors (RICS)

RICS House Price Balance in the United Kingdom decreased by 30 percent in July from -33 percent in June of 2026. RICS House Price Balance in the United Kingdom averaged 13.96 percent from 1978 until 2026, reaching an all time high of 100.00 percent in January of 1978 and a record low of -92.32 percent in April of 2008. This page includes a chart with historical data for the United Kingdom RICS House Price Balance. United Kingdom RICS House Price Balance - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.

RICS House Price Balance in the United Kingdom decreased by 30 percent in July from -33 percent in June of 2026. RICS House Price Balance in the United Kingdom is expected to be -5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom RICS House Price Balance is projected to trend around 8.00 percent in 2027 and 12.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-08 11:01 PM
RICS House Price Balance
Jun -33% -34% -30% -22.0%
2026-08-12 11:01 PM
RICS House Price Balance
Jul -30% -32% -31% -30.0%
2026-09-09 11:01 PM
RICS House Price Balance
Aug -30%


Related Last Previous Unit Reference
Average House Prices 299253.00 299396.00 GBP Jul 2026
Construction Orders YoY -18.10 -11.90 percent Jun 2026
Construction Output YoY -2.30 -2.00 percent Jun 2026
Mortgage Lending 7727.00 3269.00 GBP Million Jun 2026
Home Ownership Rate 64.50 64.70 percent Dec 2023
Lloyds House Price Index MoM 0.00 0.20 percent Jul 2026
Lloyds House Price Index YoY 0.10 0.70 percent Jul 2026
Housing Index 516.00 516.30 points Jul 2026
Housing Starts 33960.00 37230.00 units Mar 2026
Mortgage Approvals 58.20 56.57 Thousand Jun 2026
BBA Mortgage Rate 6.60 6.60 percent Jul 2026
Nationwide Housing Prices 553.70 553.60 points Jul 2026
Nationwide Housing Prices MoM 0.10 0.00 percent Jul 2026
Nationwide Housing Prices YoY 1.80 2.20 percent Jul 2026
Price to Rent Ratio 110.05 110.71 Mar 2026
Private Rental Prices YoY 3.70 3.30 percent Jul 2026
Residential Property Prices 0.88 2.27 Percent Mar 2026
RICS House Price Balance -30.00 -32.00 percent Jul 2026


United Kingdom RICS House Price Balance
The Royal Institution of Chartered Surveyors (RICS) House Price Balance measures the percentage of surveyors reporting a house price rise in their designated area, minus those reporting a fall. A level above 0% indicates more surveyors reported a rise in prices; below indicates more reported a fall.
Actual Previous Highest Lowest Dates Unit Frequency
-30.00 -32.00 100.00 -92.32 1978 - 2026 percent Monthly

News Stream
UK Housing Market Remains Subdued
The RICS UK Residential Market Survey showed that the house price balance edged up to -30% in July 2026 from -32% in June, remaining firmly negative as buyer demand and agreed sales continued to struggle for momentum. New buyer enquiries and agreed sales were both unchanged from June, at -28% and -30%, respectively, pointing to limited improvement in market activity. New vendor instructions improved sharply to -4% from -23%, although the pipeline of new listings remained constrained. London, the South East and South West continued to report the weakest price balances, while Northern Ireland remained an outperformer. Looking ahead, three-month price expectations stayed weak at -31%, while the 12-month outlook turned slightly positive at +4%. Sales expectations also improved, with the 12-month balance rising to +3%. In the rental market, landlord instructions remained weak at -27%, keeping supply constrained, while 28% of respondents expected rents to rise over the next three months.
2026-08-12
UK Housing Market Remains Weak
The RICS UK Residential Market Survey showed that the house price balance edged up to -33% in June 2026 from -34% in May, pointing to only tentative signs of improvement despite the recent easing in global geopolitical tensions and the decline in oil prices. New buyer enquiries rose to -29% from -34%, the least negative reading since February, while the agreed sales balance improved to -32% from -35%, pointing to a gradual easing in market weakness. Meanwhile, new instructions to sell fell sharply to -23% from -10%, marking the weakest reading in over a year and signaling a tighter supply pipeline. Regionally, the South East and South West remained under the greatest price pressure, while Northern Ireland and Scotland continued to outperform. Looking ahead, the three-month house price expectations index improved to -32% from -44%, while the 12-month outlook turned slightly more optimistic at +8%, reflecting modest price growth over the coming year.
2026-07-08
UK Housing Market Remains Subdued
The RICS UK Residential Market Survey showed that the house price balance remained at -35% in May 2026, unchanged from a slightly upwardly revised April reading. This came in above market expectations of -31% and still marked the weakest level since November 2023, despite emerging signs of stabilization. New buyer enquiries steadied at -34%, marking the first month since January in which demand did not deteriorate further, while the agreed sales balance was unchanged at -37%, suggesting the recent slowdown in transactions may be losing momentum rather than accelerating. Regionally, the South East and East Anglia continued to experience greater downward pressure on prices, while Northern Ireland remained a notable outperformer with prices still rising firmly. Looking ahead, the near-term house price expectations index fell to a net balance of -45% in May at the UK-wide level, down sharply from -39%, pointing to further softness over the coming months.
2026-06-10