Housing market in England and Wales ‘showing tentative signs of recovery’

A recent report by the Royal Institution of Chartered Surveyors (Rics) indicates the housing market in England and Wales is showing early signs of recovery after a slowdown. The Rics survey, conducted in January, revealed increased optimism among members regarding future sales, with fewer reporting declines in new buyer inquiries and agreed sales compared to previous months. While demand and house prices are still generally down, the degree of negativity has lessened since October 2025. This tentative improvement follows a period of uncertainty leading up to the autumn budget, which had dampened market activity. However, ongoing economic concerns, interest rates, and cost of living pressures continue to be factors influencing buyer confidence, making the sustainability of this recovery uncertain.

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