Sales trends are stabilising across London according to RICS

Written by Allen Walkey on - Breaking News -

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.

Author: 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.


Recent Popular Articles

The ESTAS Awards

Regional and National winners were announced at the 13th annual ESTAS ceremony on Friday 15th April at the Grosvenor House London. The mission at The

Older Brits still favour Iberian countries for retirement.

Iberian countries are still among the top destinations for retired or retiring Brits, this being due to rising equity which means property buyers have more

London homes require highest average deposit.

It is really no surprise to learn that the average London Property requires the largest deposit from buyers as a down payment to go with

Bill to Ban agents from charging tenants letting fees

Baroness Olly Grender a Liberal Democrat Peer points out in her blog on Huffington Post,  that private renters are being failed by a housing market

Shelter's comment on DCLG leasehold consultation

Shelter's comment on DCLG leasehold consultation (25.07.2017) Anne Baxendale, Shelter’s director of communicaitons, policy and campaigns, said: “Our housebuilding system is failing families all over