Stamp duty and Brexit 'have killed London market', says Rics report
Britain’s property surveyors have issued the most downbeat assessment of the housing market for five years.
The Royal Institution of Chartered Surveyors (Rics) said that in March demand from buyers fell for the 12th month in a row, new instructions from sellers declined for the seventh consecutive month, and prices were flat nationally.
Rics measures confidence in the property market by balancing surveyors seeing price rises against those seeing price falls. It said the figures were the lowest since 2013. The latest Rics survey is in sharp contrast to figures earlier this week from Halifax which revealed a spike in prices.
“At the national level the price balance remained unchanged coming in at zero, representing the joint lowest reading since February 2013,” said the Rics survey.
The downshift is deepest in London and the south-east of England, said Rics, but prices were still rising in parts of the Midlands and north.
https://www.theguardian.com/business...for-five-years
I'll buy a couple of flats in Chelsea for a fiver...
Britain’s property surveyors have issued the most downbeat assessment of the housing market for five years.
The Royal Institution of Chartered Surveyors (Rics) said that in March demand from buyers fell for the 12th month in a row, new instructions from sellers declined for the seventh consecutive month, and prices were flat nationally.
Rics measures confidence in the property market by balancing surveyors seeing price rises against those seeing price falls. It said the figures were the lowest since 2013. The latest Rics survey is in sharp contrast to figures earlier this week from Halifax which revealed a spike in prices.
“At the national level the price balance remained unchanged coming in at zero, representing the joint lowest reading since February 2013,” said the Rics survey.
The downshift is deepest in London and the south-east of England, said Rics, but prices were still rising in parts of the Midlands and north.
https://www.theguardian.com/business...for-five-years
I'll buy a couple of flats in Chelsea for a fiver...
