Downward pressure on UK house prices has continued, according to the April 2025 edition of the RICS Residential Market Survey.

However, there are positive signs, with the current indicator reading for April -39%, which is less negative compared to net balances of -43% and -47% seen in March and February.

There are marked variations at a regional level. While price drops in London slowed (net balance -9% compared to -45% in March), net balances fell deeper into negative territory across the South East (-62%) and East Anglia (-77%).

The RICS survey points to expectations of further house price falls over the next few months across the UK in aggregate, posting a net balance of -48% vs -47% previously. However, the 12-month outlook continues to improve from the lows hit at the end of 2024, returning a net balance of -16% in April compared to -24% in December (and up from -61% in November 2022).

With regard to new buyer demand, the headline net balance came in at -37% in April, which was down from a reading of -30% in each of the last two reports. While the April figure indicated a renewed drop in buyer enquiries, it was better than the dismal figure of -43% posted back in January.