Thursday, 19 May 2016

New Buyers Deserted Housing Market In April

The number of people interested in buying a house in April fell to its lowest level for nearly eight years, according to surveyors across the UK. Those who saw a drop in enquiries last month outnumbered those who saw a rise by 22%. That is the highest figure reported by the Royal Institution of Chartered Surveyors (RICs) since August 2008. RICs said the main reason was the stamp duty rise on 1 April, and the uncertainty around the EU referendum. The number of new enquiries fell most dramatically in London, but also fell in nine other regions of the UK. Read more on the RICS website.

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