Spring bounce falls flat as sales slip

Yorkshire Post - Property - - PROPERTY -

THE tra­di­tional spring bounce in the prop­erty mar­ket has failed to ma­te­ri­alise, ac­cord­ing to the Royal In­sti­tu­tion of Char­tered Sur­vey­ors.

Sales in May fell back on April’s lev­els. In the three months to May, the av­er­age RICS es­tate agent sold 14.7 prop­er­ties. The av­er­age num­ber of prop­er­ties listed climbed by 8.1 per cent to av­er­age 71.3 per of­fice, but new buyer in­quiries slipped by two per cent. House prices were vir­tu­ally static. Ian Perry, of RICS, says: “Buyer in­ter­est in pur­chas­ing prop­erty re­mains flat across much of the coun­try.

“Un­cer­tainty over the eco­nomic out­look re­mains as im­por­tant as the avail­abil­ity of mort­gage fi­nance in de­press­ing de­mand.”

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