An optimistic Rightmove has said that it is hoping that
the Brexit extension which could see the constitutional crisis drag on until
October 31 will release some of the pent-up demand in the market. Its upbeat message is based on record traffic to the
site, which it says shows there are buyers in the market. However, the search
engine Home says that new listings are down 8% this month compared with a year
ago, with both buyer and seller activity “slowing considerably”. It sees little
prospect of improvement in the foreseeable future, and expects the market to
stagnate. Read more on the Property Industry Eye website.
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