Housing Market Turned Negative In January

Housing market activity moved decisively into decline last month due to concerns over the pandemic and the imminent end of the stamp duty holiday, according to the latest figures from the RICS. The institution’s monthly housing market survey showed that its indices measuring demand, listings and lettings all fell into clear decline in January following seven months of strong growth since the initial easing of the spring lockdown. It said a balance of -28% of surveyors saw a decline in buyer enquiries over the month, with the listings index falling to -38%, and the sales index falling to -18%, denoting a drop-off in agreed sales. Each of these had registered growth in December. Read more on the Housing Today website.

https://www.housingtoday.co.uk/news/housing-market-turned-negative-in-january-says-rics/5110336.article