- Newly Agreed Sales and New Buyer Enquiries are low, and getting lower.
- Stock levels remain low, with no sign of any flood of new listings.
- Sentiment in the industry is this parched market isn't going to change anytime soon.
- Prices up, but only thanks to the dearth of supply.
They predict this slow market to continue over the coming quarter, and as an industry, hope that things might pick up in 2018, rather than citing any actual economic indicators.
"Over valuing remains the scourge of the market. Buyers are positive but will not be led to a high price plateau without stronger evidence of inflation." commented Neil Foster, Newcastle upon Tyne, Foster Maddison Property Consultants.
Video | Today's UK Residential Market Survey shows sales dipping and buyer interest remaining flat. https://t.co/umvNddB5Nr #RICSresi pic.twitter.com/waLVpzvOZO— RICS (@RICSnews) May 11, 2017
Surveyors predict 'flat summer' in housing market https://t.co/oIDuIgApYY— BBC Business (@BBCBusiness) May 10, 2017
'Stagnant' buyer demand puts the brakes on UK housing market https://t.co/76g9fi8hjZ— Guardian news (@guardiannews) May 10, 2017
Surveyors warn of 'flat' summer for house sales https://t.co/3R6LJRZlVI— FTAdviser (@FTAdviser) May 11, 2017
Take advantage of our discounted landlord insurance ratesHousing market loses steam as stock shortage continues. Read more: https://t.co/W36ZlbTFst— Zoopla (@Zoopla) May 11, 2017