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Survey reveals significantly worsening outlook for UK's housing market

12 September 17 - RE+D Magazine
Survey reveals significantly worsening outlook for UK's housing market

COMPANIES

Solum Property Solutions

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

IBI Group

Consultant - GREECE

Savills

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
UK’s decision to leave the EU has hit confidence in the housing market given the preliminary results of a survey conducted by property week.

 

The reader survey was conducted ahead of the RESI Conference and reveals that 60% of respondents think the outlook for the market has significantly or slightly worsened since the Brexit vote.

A further 30% say that the outlook for the sector remains the same, while 9% claim that the outlook has improved significantly or slightly.

Opinion is divided over what will happen to house prices over the next 12 months.

While 43% of respondents think prices will increase, 37% believe they will fall and 20% think they will remain the same.

There are also diverging opinions as to what will happen to housebuilding activity in the short to medium term.

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