UK Housing Market Shows Scant Sign Of Recovery In April

Britain’s housing market showed little sign of recovery in April as properties put up for sale fell the fastest rate since 2016, according to a survey on Thursday that added to downbeat signals from the housing market ahead of Brexit. The Royal Institution of Chartered Surveyors’ (RICS) gauge of house prices held at -23 in April, still close to February’s level of -27, the weakest in almost eight years. While official data show house prices have been rising across the country as a whole, prices in London have fallen, hit by unaffordable prices for many buyers, tax changes affecting rental properties and Brexit uncertainty which has weighed heavily on the capital. Read more on the Reuters website.

https://uk.reuters.com/article/uk-britain-economy-houseprices/uk-housing-market-shows-scant-sign-of-recovery-in-april-rics-idUKKCN1SE2W2