Has UK housing market run out of steam? Momentum slows, data shows

Housing market activity slowed sharply in December as the latest coronavirus restrictions had a negative impact on the sector.

The latest residential market survey from RICS shows that while activity in the housing market has continued to increase, momentum has dropped significantly, and this trend looks set to continue.

“Viewings across our businesses are down around 70% compared to December,” said one commentator on EYE yesterday. “Valuation diaries died off significantly.”

Another agent concurred: “We’re open, but very quiet, we have new stock on the market but little or no takers.”

By MARC DA SILVA, please read the full article on Property Industry Eye.

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