UK housing market remains in the doldrums

UK housing market remains in the doldrums
14/07/2018 , by , in INTERNATIONAL

British house prices remained flat in June and the market was likely to stay sluggish in the coming months despite more properties being put up for sale, a surveyors group said on Thursday.

The Royal Institution of Chartered Surveyors‘ (RICS) house price balance rose to +2 from -2 in May.

A Reuters poll of economists had pointed to a fall of -3 in June but RICS said the overall picture remained one of flat price growth and respondents taking part in the survey did not anticipate much change in the coming three months.

Britain’s housing market has cooled since the 2016 Brexit vote which led to a rise in overall inflation and increased uncertainty among investors.

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