RICS: UK House Prices Fall Amid Subdued but Stabilising Market Activity

It is unlikely for sales results to change for the better through the remainder of 2023, but surveyors hope for a ’more stable outlook' in 2024.

A woman walks past property details displayed in the window of an estate agent in Camden, London, on June 3, 2014. Oli Scarff/Getty Images

National house prices continue to fall, but the pace of the drop appears to be stabilising, according to a UK residential market survey.

As the end of the year approaches, the Royal Institution of Chartered Surveyors (RICS) warned that residential market activity will remain subdued over the next few months.