- A net balance in demand of +64% was reported by survey participants for renter demand. This is the strongest result since 1999.
- In the sales market, participants recorded a net balance of +16% for new buyer enquiries, up from +9% in December. This is the strongest figure since May 2021.
- Conversely, supply of properties (new instructions) remains constrained in both the lettings and sales markets and will continue to put pressure on prices. Source: Dataloft, RICS (net balance of survey participants).
- The RICS net balance score is calculated by the proportion of survey respondents reporting a rise minus those reporting a fall in the given indicator.