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Wednesday, July 8, 2020

UK housing market's post-lockdown bounce 'might run out of steam'

Latest monthly snapshot shows rise in buyers and homes for sale but prices expected to fall

The UK housing market is enjoying a short-term, post-lockdown bounce but there are “worrying signs” this may quickly run out of steam, according to surveyors and estate agents.

In the wake of the property market starting to reopen, the number of people looking to buy a home rebounded in June, as did the number of new properties being listed for sale, according to the latest monthly snapshot from the Royal Institution of Chartered Surveyors (Rics).

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from Property | The Guardian https://ift.tt/2DoDChf
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