Surveyors predict fall in house prices as buyers of homes decline

A renewed decline in the number of home buyers is putting further pressure on the tense real estate market in London, according to a closely monitored survey today.

The Royal Institution of Chartered Surveyors (Rics) has said that buyers were cautious last month because the government governor, Mark Carney, reportedly had warned that prices could fall by 35 percent in the case of Brexit without a deal.

About 47 percent of London surveyors said they expected a decrease in the next three months instead of a rise in house prices.

Brian Murphy, head of lending for mortgage advice agency, said: "Because the report is based on September, it was perhaps inevitable that Mark Carney's leaked remarks regarding the potential impact of a" disorderly Brexit & # 39; The main focus would be on Mr Carney's remark, although Mr Carney's comments were somewhat out of context, he was of course asked to give his opinion on a series of possible scenarios, not just in the worst In view of the wide coverage they received, members of RICS seem to suggest that the impact was noticeable in some parts of the country. "

Rics also reported that about 51 percent more surveyors in London in the past three months saw a decline rather than a rise in house prices in the UK – a significantly sharper decline than anywhere else in the country.

One of the biggest victims of the London housing shortage is the most expensive buildings in central London, which are likely to remain silent after Theresa May's last promise to levy an additional levy on foreign buyers.

The survey comes a day after Telford Homes boss Jon Di Stefano against City A.M. that the Aim-listed house builder expected flat-house sales the next year on the high-end market in London, because Brexit's negative comments weigh on the fear of buyers.

The residential report from Rics also established that the volume of objects offered for sale or rented out continued to decline last month.