Brexit uncertainty and a lack of affordability in some areas continue to stifle the UK housing market, leaving Britain’s estate agentswith their gloomiest view of property values in 10 years.
The latest monthly snapshot from the Royal Institution of Chartered Surveyors (Rics) shows a further weakening of the market, with demand, prices and sales expectations all down.
The industry survey came as the latest government figures showed annual house price growth across the UK had slowed to the lowest rate since July 2013, with average prices up 2.5% in the year to December, down from 2.7% in November.
