Housing market stagnates as buyers play a waiting game
The West Midlands’ housing market risks further stagnation due to lack of new properties coming to market, a new survey has said.
In its UK Residential Market Survey for May, RICS said buyer enquiries were also in decline as home hunters adopted a cautious approach until the outcome of the general election was clear.
The drop in new sales instructions is also hiking up values as the market struggles with the shortage of supply – a trend dating back for almost two years.
RICS said that while a fall in new instructions was ... 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...
