The UK housing market ended 2018 on a weak note with uncertainty still biting, alongside continuing lack of stock and affordability issues, according to the December 2018 UK Residential Market Survey.
The looming threat of Brexit has dragged down the UK property market further, with prices falling at the fastest rate in six years and the outlook for sales the weakest in two decades, according to Britain’s surveyors.
Simon Rubinsohn, RICS Chief Economist said, “Getting to the government’s 300,000 building target was never going to be easy but pushing up to anywhere near this figure will require significantly greater input from other delivery channels including local authorities taking advantage of their new-found freedom.”
View the full UK Residential Market Survey here.
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