Housing market outlook worst ‘for 20 years’

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The housing market outlook over the next three months is the worst for 20 years, surveyors say.

A net a better balance between 28% of Royal Institution of Chartered Surveyors( RICS) members expect marketings to fall in the next three months.

It’s the most downbeat reading since records started in October 1998 and the despair is blamed on the lack of clarity around Brexit.

Lack of supply and affordability likewise continued to affect the market.

Sales expectancies for the next 3 month are now either flat, with no change predicted, or negative, indicating falling marketings, across all parts of the UK, such reports said.

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