According to recent research by the Royal institution of chartered surveyors (RICS), the rate of property value growth in the UK, especially in London, slowed down. About it reports the portal Property Wire.
The decline in prices in London is higher than the data in the whole country, which is marked by 33% of study participants. While the number of respondents predicting a fall in prices in the coming three months this year grew by 12%. Most of them look to the approaching 12 months with optimism: the number of respondents who believe that in this period prices will start to rise, has increased from 0% to 23% compared with the data of the study six months ago. For example, they note that housing costs may continue to decline in London and the East of England. But in the long term, within the next five years, according to the forecasts of the participants of the study, prices in London will grow by 4% per year and 3% the national average.
The RICS report also notes the decrease in activity of new buyers in the property market in the UK: demand falls for the fourth month in a row (27%). Also reduced and sales, cited by 34% of respondents. According to experts, today the potential buyers took a wait position and seek to understand how Brexit will affect how the market in General and Finance in particular.
With regard to the lease, the majority of survey participants believe that prices in the near future can only slightly to grow and over the coming 12 months, they will grow by about 2%.
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