business

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.

Post Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.