Economics
U.K. Housing Slump Endures in 2019 as Brexit Hangs Over Outlook
- Realtors say prices have been falling for four months: RICS
- Enquiries, sales, new instructions all fell in January
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The U.K. housing market stayed in the doldrums at the start of the year as Brexit caused both buyers and sellers to hesitate on deals.
The Royal Institution of Chartered Surveyors said its headline price index fell for a fourth month in January, reaching the lowest since 2012, while measures of new enquiries, sales and listings all declined. The survey suggests both demand and supply for homes is subdued.