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.
