News & insight

Will there really be a flat summer in the housing market?

Marketing / 22 May, 17

Earlier this month the BBC published an article predicting a ‘flat summer’ in the housing market. The article follows the recent announcement from members of the Royal Institution of Chartered Surveyors (RICs) that sales have been dipping slightly and buyer interest remains flat.

You can watch the RICS UK Residential Market Survey for April here.

Residential sales and letting expert, Diana Warr commented “Following the Halifax announcement that for the first time since 2012 there was a quarterly fall in house prices it is no surprise that the market is continuing to slow down across the UK.

“I would hasten to add however that the findings reflect a national average, when you drill down by region there are significant differences across the country. In Leeds it is still a fairly volatile market with prices remaining stagnant at the moment.

“We are also finding that enquiries for viewings are fluctuating on a daily basis. It is interesting to note that in the North West house prices continue to rise, showing that not all markets are experiencing quite the same slow down as those in London and the South East.”

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