The UK housing market showed a further slight deterioration in May, as the RICS House Price Balance edged down to -35%, from -34% in April 2026. The latest data, updated on 10 June 2026, signal that surveyors continued to report more price declines than rises, underscoring ongoing softness in property values across the country.
While the one-point drop is modest, the persistence of a deeply negative reading highlights subdued conditions in the market. A balance of -35% indicates that a significantly larger share of surveyors are seeing prices fall rather than increase, suggesting limited upward momentum despite earlier hopes of stabilisation.
Investors and policymakers will be watching upcoming data closely to assess whether May’s move marks a continued slide or a potential bottoming out in sentiment. For now, the RICS figures for May 2026 confirm that the UK housing sector remains under pressure as the second quarter progresses.