Brexit: West Midlands estate agents report decline in new buyer enquiries - The Redditch Standard

Brexit: West Midlands estate agents report decline in new buyer enquiries

Redditch Editorial 5th Jan, 2020   0

MORE than 36 per cent of estate agents in the West Midlands reported a decline in new buyer enquiries last month, according to new data.

During October – and in the face of Halloween Brexit – the housing market also suffered from ‘subdued housing sales’ with 31 per cent of residents reporting a fall in newly agreed sales.

The data, gathered by professional body Royal Institution of Chartered Surveyors (RICS), also shows dips in sales from other parts of the UK.

Many of the agents said they do not expect to see sales increase anytime soon.




Commenting on the survey, Simon Rubinsohn, RICS Chief Economist, said: “Given the upcoming general election next month, it appears unlikely that these trends will pick up to any meaningful extent over the remainder of this year.”


Recruitment

Find a career you'll love with our free career finder website.

Subscribe

Receive a weekly update to your inbox by signing up to our weekly newsletter.

Printing

We can provide all of your printing needs at competitive rates.

Podcasts

Now, every week, you can also listen to a roundup of Redditch Standard Local News.