Jul
13
U.K. Housing Cools as Political Uncertainty Undercuts Demand
By-
RICS index drops to 7 in June vs 17 in May, lowest since July
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Sales outlook for next year at weakest since after Brexit vote
U.K. house-price growth cooled in June as the inconclusive election weighed on demand, according to the Royal Institution of Chartered Surveyors.
RICS said its index declined from 17 in May to 7, its lowest level in almost a year, indicating that a smaller majority of real-estate agents saw price gains. A measure of predicted sales over the next year also fell to its lowest level since the immediate aftermath of Britain’s European Union referendum…
U.K. Housing Cools as Political Uncertainty Undercuts Demand
