House price inflation dropped further in June, according
to the latest RICS UK Residential Market Survey. At the same time there's
little encouragement for sales activity with agreed sales declining alongside
new buyer enquiries and new instructions. This trend is also being reflected in
medium term sales expectations where the twelve month indicator, while still
positive, has slipped to its lowest level since the immediate aftermath of the
referendum [net balance of +12%]. Download the survey from the RICS website.
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