Royal Institution for Chartered Surveyors (RICS)

May comes in at -32%, 10 year low.

  • expected -24%, prior -22%

RICS Chief Economist Simon Rubinsohn:

  • sales that were in the pipeline before the lockdown were now largely going through. "But it remains to be seen how sustained this improvement will prove"
  • "For the time being respondents to the survey see the trend in transactions being broadly flat."