Supply shortage prompts stagnation of West Midlands housing market
The West Midlands housing market continues to lack impetus, despite new buyer enquiries bouncing back, a new report has concluded.
The RICS UK Residential Market Survey for March shows a stagnation in sales for the month, while the number of properties coming on to the market also dropped further.
The picture has prompted RICS members to reduce sales forecasts for the remainder of the year.
The survey shows new buyer enquiries in the West Midlands grew in March, following a fall during February.
RICS said that while the pi... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
