The property market has ground to a halt, with activity
back to 2011 levels in some parts of the UK, according to the official
surveyors’ body, which blamed “political uncertainty” and forecast flat prices
and rents for at least the next year. A large majority of surveyors in both
London and south-east England are reporting falling prices, though the national
picture is balanced by price rises in the West Midlands, the south-west and
Northern Ireland. The Royal Institution of Chartered Surveyors ( Rics) said:
“Record low stock numbers, political uncertainty and the aftermath of tax
changes are obstacles hindering the UK housing market, with price growth and
sales activity subdued during the month of July.” Read more on the Rics
website.
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