Falling prices, lack of buyers and record times to complete sales revealed by RICS research
Brexit uncertainty has crushed confidence in the property market, according to the official surveyors’ body, with buyers evaporating, prices falling and sales taking a record amount of time to complete.
The Royal Institution of Chartered Surveyors (RICS) said the time taken to complete a property sale has widened to 19 weeks, the longest duration since it began collecting data.
Source: the guardian – property
Brexit uncertainty taking toll on property market, experts say