DAVY VIEW

This morning’s Royal Institution of Chartered Surveyors (RICS) survey shows UK estate agents increasingly worried that current high rates of house price inflation and activity cannot be sustained as government supports are withdrawn in 2021. The three-month price expectations balance (-13%) turned negative for the first time in December, with sales expectations (-22%) signalling a contraction in activity levels once buyers cannot avail of the stamp duty holiday that ends on March 31st.