This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

UK Housing Market Dips In August

First name: 

 

Last name: 

 

Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category

Archives



United Kingdom  finance  real estate sector  RICS  mortgage finance  Alan Collett  Royal Institution of Charted Surveyors 

UK Housing Market Dips In August

By - Thursday 15 September 2011

Economic uncertainty is weighing on the property market in the UK, the latest survey carried out by the Royal Institution of Charted Surveyors (RICS) shows. According to the organisation, there was a decrease in the number of sales dealt with by its members in August, while new buyer enquiries also fell among those questioned. The country's economic situation was cited by 79 per cent of respondents as one of the main factors affecting the real estate sector, while a lack of finance for buyers is also said to be a problem.

RICS housing spokesperson Alan Collett stated: "The risk is that the worsening economic picture will gradually begin to have a more material impact on sentiment and discourage potential house purchasers even where more mortgage finance is available." However, a report published by Savills earlier this month suggested that the UK property sector is still considered a "safe haven" among many investors amid global economic issues.
 

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here


Comments

 

*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.


«« Back to IPIN Live

Follow IPIN Global


Latest Content

Recent Comments

Powered by Disqus