DAVY VIEW

November’s Royal Institution of Chartered Surveyors (RICS) survey shows Brexit and the general election still stifling UK housing market activity. A majority of estate agents reported falling prices, buyers and instructions to sell. November’s survey showed that estate agents are considerably more optimistic on prospects over the next 12-months, but this view is probably too sanguine of the UK’s prospects under a Conservative majority to ‘get Brexit done’. As EU/UK trade prove difficult and the UK is inevitably forced into an extension of the ‘transition period’, it will become clear that Brexit will affect housing market sentiment for some time.