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Wednesday, December 12, 2018

UK property market at weakest since 2012 as Brexit takes toll – Rics

Surveyors say indicators for demand, supply and prices fell to multiyear lows in November

Brexit is battering the UK property market, pushing it to its weakest level in more than six years, with almost half of surveyors reporting that sellers and buyers are sitting tight because of political uncertainty.

The Royal Institution of Chartered Surveyors (Rics) said its monthly indicators for demand, supply and prices fell to multiyear lows in November.

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