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RICS: Supply momentum stalls as buyer demand rises

The Royal Institution of Chartered Surveyors (RICS) UK Residential Market Survey for April 2021 has outlined that buyer demand is remaining firm, but the flow of new listings has lost momentum.  RICS found hat a net balance of +44% of contributors to the survey cited a pick-up in new buyer demand during April, in line with the previous month, which saw a reading of +43%. Newly agreed sales also rose over the month, evidenced by a net balance of +34% of respondents noting an increase, but this was down month-on-month from +48%. Looking ahead, a net balance of +23% of respondents said their near-term sales expectations were comfortably positive at the national level; over the next 12 months, this proportion cooled to just +12%.

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