Jul
16

PROPERTIES TAKING LONGER TO SELL IN SLUGGISH MARKET, SAYS RICS

House Prices UKProperties in the UK are taking longer to sell than a year ago owing to the “uninspiring” housing market, according to surveyors.

Last spring it typically took 16 weeks between a home being listed and being sold, the Royal Institution of Chartered Surveyors (RICS) said.

Now that has risen to about 18 weeks on average, the RICS survey found.

The figures showed that, in June, sales had recorded the 16th successive month of decline.

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