Friday, 12 August 2016

House Prices Pause For Breath Post-Brexit

The UK housing market paused for breath after the Brexit vote, but could take off again over the next 12 months, a poll of surveyors suggests. The Royal Institution of Chartered Surveyors (Rics) survey showed house price rises slowed significantly in the three months to the end of July. The surveyors said new buyer inquiries, home sales and new instructions all fell over the period. However, the Rics survey suggests that house price inflation could accelerate within a year. A month ago - in the wake of the EU vote - surveyors were evenly divided about whether prices would rise or fall over the next 12 months. Now, by a majority of 23%, most of them expect prices to go up. Read more on the Rics website.

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