Drop in demand from Buyers according to RICS

May 12, 2016

RICS reported in their most recent UK Residential Market Survey, that house prices will continue to move higher, despite the big drop in demand, as  fewer sellers  were putting their property on the market and that  there was a long-term shortage of housing. The sharpest fall in demand in April came in London which is the  most popular region for foreign investors, the overall drop was the biggest since August 2008.

RICS’s monthly house price balance edged lower to +41 in April from +42 in March, its lowest since June 2015.

Demand from buyers drops for the first time since March 2015 –  Prices continue to rise due to continued lack of supply – Long term outlook shows prices continuing to rise across the UK.

The fall in demand is evident across the whole of the UK as buyers continue to show more caution due to  the uncertainty of the forthcoming EU Referendum.

To read the full RICS report click here

 

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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