UK house sales decline

皇冠体育官网app（www.hg108.vip）是一个开放皇冠体育官网代理APP下载、皇冠体育官网会员APP下载、皇冠体育官网线路APP下载、皇冠体育官网登录APP下载的皇冠体育官网平台。皇冠体育官网APP上最新登录线路、新2皇冠体育官网更新最快。皇冠体育官网APP开放皇冠体育官网会员注册、皇冠体育官网代理开户等业务。

Gloomy outlook: Signs outside residential properties in London. Sales expectations for the next 12 months are at the lowest level since March 2020. — Bloomberg

LONDON: The United Kingdom housing market came under further pressure from the cost-of-living crisis in July as sales and buyer demand fell, and agents turned increasingly gloomy on the outlook, the Royal Institution of Chartered Surveyors (RICS) say.

The closely-watched survey showed sales expectations for the next 12 months are at the lowest level since March 2020, and new buyer inquiries fell for a third month – the longest run since the early days of the pandemic. Measures of current sales also fell.

The report is the latest to suggest that higher interest rates and soaring inflation are taking a toll on the property market, which has boomed all the way through pandemic lockdowns and the recession.

The survey was mainly carried out before the Bank of England (BoE) hiked interested rates by 50 basis points last week, taking the key rate to 1.75%.

Still, while there’s evidence of weaker demand, that’s yet to translate into falling prices, according to RICS.

A “severe” lack of stock meant buyers bid up house prices again.

Estate agents predict further gains over the next year, even though expectations for growth have eased since the start of 2022.

That finding contrasts to a report from the mortgage lender Halifax, which last week suggested prices declined for the first time in a year in July.

,

telegram营销（www.tel8.vip）是一个Telegram群组分享平台。telegram营销包括telegram营销、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。telegram营销为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

,

“Amid a backdrop of sharply rising living costs, slowing economic growth and higher interest rates, it is little surprise that housing market activity is now losing some momentum,” said Tarrant Parsons, Senior Economist at RICS.

“Nevertheless, with respect to house prices, limited supply available is still seen as a crucial factor underpinning the market.”

Martin Allen from Elgars in Canterbury, Elgars said “Buyers offering over guide are beginning to try and chip back the price partly due to concerns about the market long term and the increasing cost and shortage of labour and materials for improvements needed.”

Colin Pryke, a chartered surveyor and registered valuer from London said “Interest rate increase by BoE by 0.5% to 1.75% will take time to filter through to have any affect on property prices.

But economic indicators are pessimistic and it is possible that there will be an adverse affect on market confidence.”

Meanwhile, Douglas Crichton from Grosvenor noted “Cost of living and interest rates rises will cool market.”

Christopher Clark from Ely Langley Greig in Eastleigh added “Demand still outstrips the limited supply coming to the market, but the future is looking difficult as lenders become more wary and buyers are squeezed financially.” — Bloomberg

转载说明:本文转载自Sunbet。