Housing market cools off south of the border

13th February 2015

The Royal Institute of Chartered Surveyors (RICS) has found that the housing market is continuing to cool, with just 2% of its members expecting prices to rise over the coming three months, the lowest proportion registered since May 2013. Political uncertainty surrounding the general election is attributed to a fall in demand from buyers, which is causing prices to stagnate. In London 24% more agents and surveyors were found to believe that house prices would continue to fall over the same three-month period than the number recorded in RICS’ last survey, while 19% more claimed buyer demand would also decline.

The Times (12/02/15)