in the know

It’s all set to go very quiet on the sales front.

House prices are set for a slowdown following the buy-to-let buying rush.

The RICS says that uncertainty will be fuelled by Stamp Duty changes, a weaker pound, Brexit and devolved elections.

The RICS says that only 17% of its members expect to see house prices rise over the next three months, compared with 44% in December.

However, the RICS still expects house prices to rise by over 4% per year for the next five years across England and Wales.

Source: http://www.propertyindustryeye.com/its-all-set-to-go-very-quiet-on-the-sales-front-says-rics/