United Kingdom RICS House Price Balance

The UK Residential Market Survey from RICS showed the house price balance declined to -13% in July 2025, down from -7% in each of the previous two months and marking the weakest reading in a year. The figure also missed market expectations for a modest improvement to -5%. Despite the overall decline, prices are still rising in Northern Ireland and Scotland, while respondents in the North West of England also reported gains. In contrast, East Anglia is seeing prices fall at a pace notably faster than the national average in net balance terms. Looking ahead, respondents expect prices to remain under mild downward pressure over the next three months at the national level. However, sentiment turns more positive in the 12-month view, with a net balance of +19% of contributors anticipating price growth — though this is the lowest level of optimism since January 2024.