Data (and accompanying comments) from RICS:
House price balance -11 in November
- expected -10, prior -10
- Nov is the lowest since September 2012 (ie six year low)
RICS surveyors say stocks of homes for sale near record low, no sign of pickup in new sales listings
- time taken to complete home sales longest since series introduced in February 2017
- price expectations fall for next 3 months, stable for next 12 months
RICS chief economist says evident that Brexit uncertainties are taking toll on UK housing market
- "It is evident ... that the ongoing uncertainties surrounding how the Brexit process plays out is taking its toll on the housing market" Simon Rubinsohn, RICS' chief economist
- "Indeed, I can't recall a previous survey when a single issue has been highlighted by quite so many contributors."
