Brexit & Election Causing A Holding Pattern For The Housing Market

The Royal Institution of Chartered Surveyors has this week confirmed that no movement is expected in the market until next year as a result of Brexit and the pending election.

They report that new instructions have fallen for the fourth month in a row and new buyer enquiries have fallen for the second consecutive month. In better news, they say that the pressure on house prices is expected to be short term with increases expected over the coming year. They report that the highest house price increases are expected in Northern Ireland, Wales, Scotland and the North West of England.

To read more details from RICS, visit here.

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