Residential Update and Outlook | June 2026
Our latest Update and Outlook report finds reasons for optimism, particularly following the signing of the Iran war peace deal, although some less encouraging data persists.
Retail sales rebounded strongly in May, and with inflation holding steady, the Bank of England kept rates on hold.
However, GDP dipped slightly in April, and rising input costs (including materials and labour), continue to weigh heavily on businesses' ability to expand both output and hiring.
In the residential sales market, mortgage approvals increased and transaction volumes remained above their ten-year average, although Nationwide reported the first monthly price fall of the year, and the RICS market survey continues to point to softer buyer demand.
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