The momentum in the UK housing market weakened further in September, as the RICS House Price Balance fell to -32%, down from -28% in August 2026. The latest reading, updated on 07 October 2026, indicates a deepening net decline in reported house prices across surveyors.
The negative balance means that more surveyors are reporting price falls rather than rises, and the widening gap between August and September suggests growing downward pressure on valuations. While no additional contextual drivers were provided with the data, the shift from -28% to -32% underlines a continued softening in sentiment within the UK residential property market during early autumn 2026.
Market participants and analysts monitoring the RICS gauge are likely to view the September reading as a sign that the cooling trend in prices is not yet stabilising, with survey evidence pointing to broader and more entrenched price weakness across regions.