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House prices will stagnate in 2019 as sales fall, Rics says

Surveyors body expects Brexit and affordability constraints to take toll on property market

House prices will stagnate in 2019 and the number of sales fall as a mixture of Brexit and affordability constraints takes its toll on the property market, according to Britain’s surveyors and valuers.

The Royal Institution of Chartered Surveyors (Rics) said it expected the number of house sales to fall back by 5% to around 1.15m compared with 2018. The number of sales will remain sharply below the 1.7m that changed hands in the peak year of 2006.

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