Stagnant Housing Market?

A recent survey undertaken by the Royal Institution of Chartered Surveyors (RICS) has indicated that property sales in March 2017 were stagnant and that there is currently a major shortage of property on the market.

Due to the housing stock shortage, property prices in some areas are accelerating although interest and sales enquiries across the board remain on the low side.

Conversely, in the lettings market, there was a noted increase in demand (Although still modest in comparison to this time last year).

On the whole, a fairly gloomy start to this new financial year for the property market…

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