Housing demand hits six-year low amid Brexit uncertainty

Demand for housing has slumped to its lowest level in almost six years, according to data from the National Association of Estate Agents (NAEA), which shows that sales to first-time buyers, who are taking full advantage, have risen to a seven-month high. The number of buyers registered per estate agent branch dropped by 15% to 252 in February, the lowest number since July 2013. Mark Hayward, chief executive of NAEA Propertymark, said house hunters are evidently delaying their plans until the impact of Brexit is clearer.

City AM (25/03/2019)