Economics
House Prices in London, Southeast U.K. Forecast to Keep Falling
- RICS survey finds Brexit sapping housing market across Britain
- Spring revival has failed to materialize for property agents
A pedestrian passes an estate agents window advertising properties for sale in London.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
The Brexit gloom hanging over the U.K. property market showed no signs of letting up in March, with real-estate agents expecting house prices in London and southeast England to continue falling for another year.
Britain’s tortured departure from the European Union was widely cited in the latest survey from the Royal Institution of Chartered Surveyors, which painted a picture of anxious buyers, reluctant sellers and agents struggling to negotiate agreements.