18March
Rightmove reports usual spring buoyancy weighed down by Brexit uncertainty
Usual spring buoyancy weighed down by Brexit uncertainty
- The average price of property coming to market rises by just 0.4% (+£1,287) this month, as the traditionally busier spring market gets off to a subdued start:
- Lowest average monthly rise at this time of year since 2011, though London is the main drag
- Prices remain more buoyant outside London with nine out of 11 regions seeing new-to-the-market sellers pricing higher
- More buyers hesitating as Brexit goes to the wire:
- Number of sales agreed by estate agents in February was 7% below same period in 2018, compared with the 4% annual fall recorded in January
- Search activity on Rightmove remains steady, indicating home movers are keeping a watching brief which could lead to an eventual bounce if and when uncertainty abates
- Read full article here
Share on social media
