Oct
15

PROPERTY UK: BREXIT UNCERTAINTY HAS MIXED AFFECT ON HOUSING MARKET ACROSS THE UK

uk housing marketTHE POTENTIAL impact of a ‘no deal’ Brexit on the UK property market was brought sharply into focus last month after Mark Carney’s comments made at a private meeting with ministers were leaked to the press. 

Now, a report this morning from the Royal Institution of Chartered Surveyors (RICS) highlights just how much of an influence Carney’s remarks have had on consumers who were actively considering moving home last month, and on overall market expectations in the wake of further economic and political uncertainty.

Unlike other house price indices, which generally rely on empirical data, the RICS monthly report is sentiment based, meaning that its member surveyors from across the country provide their views on a series of questions relating to what they have observed over the previous month in their area.

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