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Housing stock remains "close to historic low": RICS

Thursday, Feb 09 2017
Housing stock remains "close to historic low": RICS

The UK sales market is continuing to lack momentum, with transaction volumes and enquiries both seeing relatively little change over the month, according to the latest RICS UK Residential Market Survey. Its research shows that new buyer enquiries were more or less unchanged during January, with just 5% of surveyors reporting an increase in demand - the lowest reading since August 2016.

Having held broadly steady over the past three reports, the flow of fresh sales listings coming to market also deteriorated over the period. The national new instructions indicator has now failed to post a positive in reading in eleven consecutive months and means average stock levels on agent’s books remain close to historic lows.

Last modified on Thursday, 09 February 2017
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