Survey shows low expectations
THE more optimistic outlook for the Yorkshire residential property market appears to have run out of steam in April as prices edged lower, according to the latest RICS UK Housing Market survey.
Across the region, 30 per cent more chartered surveyors reported falls rather than rises in house prices. Alongside this, expectations for future prices reached their lowest level since December last year with a net balance of 43 percent more respondents predicting falls rather than rises in house prices.
RICS Yorkshire spokesperson, Jon Charters-reid, says: “It’s not surprising when you consider the continuing lack of available mortgage finance.”