The UK housing market is continuing to slow down, with
falling property sales, “stagnant” buyer demand and general election
uncertainty all adding up to one of the most downbeat reports issued by
surveyors since the financial crash. The Royal Institution of Chartered
Surveyors (Rics) said momentum was “continuing to ebb,” with no sign of change
in the near future. Its report is the latest in a series of recent surveys
suggesting that the slowdown is getting worse as household budgets continue to
be squeezed and affordability pressures bite. It comes days after the Halifax
said house prices fell by 0.1% in April, which meant they were nearly £3,000
below their December 2016 peak. Read more on the RICS website.
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