Aug

U.K. Housing Market Stays Subdued as Brexit, Rates Deter Buyers

RICS says buyers shunned the market before BOE rate increase
Supply shortage threatens to push up rents 15 percent by 2023

The U.K. housing market remained listless in July as Brexit uncertainty intensified and Britons braced for an interest-rate increase from the Bank of England, according to the Royal Institution of Chartered Surveyors.

Prices and sales stagnated and property values in London continued to fall, RICS said in a report published Thursday…

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U.K. Housing Market Stays Subdued as Brexit, Rates Deter Buyers

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