Low stock and political uncertainty subdues residential property sector
Record low stock numbers, political uncertainty and the aftermath of tax changes are obstacles hindering the West Midlands housing market, according to a new report.
The RICS UK Residential Market Survey concludes the various factors combined to subdue sales activity during July.
It said sales activity continued to lack momentum, with the net balance between buyer enquiries and agreed sales remaining negative, at -14% and -17%, respectively.
Importantly, respondents are not anticipating any pick up any time soon, with both th... 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...
