Britain's housing market displayed signs of stabilization during June. Buyer confidence remains subdued due to inflation and borrowing cost concerns. New buyer enquiries saw a modest improvement, indicating returning market interest. Rental demand is significantly stronger than the sales market. Activity is expected to stay subdued until economic clarity emerges.

Housing market activity is likely to remain relatively subdued in the near term until there is further clarity, Rics said.

Britain's housing market displayed signs of stabilization during June. Buyer confidence remains subdued due to inflation and borrowing cost concerns. New buyer enquiries saw a…