Sales trends are stabilising across London according to RICS
RICS Residential Market Survey report – August 2018 published 13th September 2018 headlines ‘Solid housing market in Scotland and Northern Ireland’.
The RICS report reveals that regionally, after a sharp fall in activity at the end of last year, current sales trends are stabilising in London. Momentum is still slipping across East Anglia and the wider South East, however sales in August were solid across Northern Ireland, Scotland and the South West.
Simon Rubinsohn, RICS Chief Economist said:
“While a combination of a lack of stock and some level of uncertainty, both relating to the interest rate outlook and Brexit, has had an impact on activity, the overall picture in these areas is still encouraging. The story in London and the South East is, as has been widely recognised, rather more challenging but it is important that this is not seen as being indicative of the wider market.”
Read the RICS Residential Market Survey – August 2018 in full click here.