Properties on the market at all time low in UK

Posted: 18/6/2017

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The latest RICS UK Residential Market Survey showed a decline in properties coming onto the market for the 15th consecutive month.

Consequently, RICS said, stock levels remain stuck at all-time lows.

Despite the drop in sales, the average time taken to complete a transaction held steady at 16 weeks in May, RICS said.

The report claims there has consistently been a fall in property coming on to the market over the past two years, but says anecdotal evidence from respondents to the survey in May suggests this latest drop may have been exacerbated by the General Election.

Surveyors are more optimistic about the next 12 months, anticipating an increase in activity and price rises.

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