• Privacy policy
  • T&C’s
  • FAQ
  • Meet the Team
  • About The London Economic
  • Advertise
TLE ONLINE SHOP!
NEWSLETTER
SUPPORT THE LONDON ECONOMIC
  • TLE
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • Entertainment
  • Film
  • Food
  • Lifestyle
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
  • TLE
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • Entertainment
  • Film
  • Food
  • Lifestyle
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home News

UK property market at weakest position since Sept 2012 due to Brexit uncertainty

RelatedPosts Asylum seeker with leukaemia living at scandal-hit Barracks as Covid spread through site Patel bullying case dropped after settlement but how much did it cost taxpayer? ‘Grim warning to Boris Johnson’ as support for Welsh Independence at highest ever level Labour leader questions ‘fishy’ allocation of funds to Tory areas in Budget The Royal […]

Joe Mellor by Joe Mellor
November 8, 2018
in News, Politics, Property
TLE Property

RelatedPosts

Asylum seeker with leukaemia living at scandal-hit Barracks as Covid spread through site

Patel bullying case dropped after settlement but how much did it cost taxpayer?

‘Grim warning to Boris Johnson’ as support for Welsh Independence at highest ever level

Labour leader questions ‘fishy’ allocation of funds to Tory areas in Budget

The Royal Institution of Chartered Surveyors (Rics) have published its findings from its monthly survey of its members and it doesn’t look good for the UK property market. It found “the weakest reading since September 2012” in October, with prices falling in London, the south-east, south-west and East Anglia. They have are also forecasted that prices remain flat nationally over the next 12 months.

In October, prices in London continue on their negative path as buyers wait for Brexit certainty, according to the latest RICS UK Residential Market Survey

Simon Rubinsohn, RICS Chief Economist, commented: “The London numbers remain disappointing with current activity subdued and the forward-looking indicators providing little prospect of an improvement anytime soon. Ongoing uncertainty about what a Brexit deal, or a no-deal outcome, might mean for the capital’s economy is clearly weighing on sentiment at the present time. But it is not the only issue holding back potential purchasers. At the higher end, SDLT remains a key impediment while elsewhere, affordability/ deposit requirements present a greater challenge. Unfortunately, I struggle to see where relief for either of these obstacles likely to come from.

“Meanwhile, the announcement of the extension of Help to Buy, albeit in a narrower format, should continue to underpin the new build market in the near term. Whether it, alongside other measures recently announced including the lifting of the HRA cap, is sufficient to drive housing starts up to the government’s 300,000 target over the coming years remains to be seen.”

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Support fearless, free, investigative journalism Support fearless, free, investigative journalism Support fearless, free, investigative journalism
Please login to join discussion

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending fromTLE

  • All
  • trending

What If We Got Rid Of Prisons?

Stress, fear and homelessness: The threat looming over families confronted with eviction

File photo dated 07/11/03 of a prison cell.

The Other Prison Pandemic

Latest from TLE

Image by AdobeStock

Weather forecast, alerts and UVB index for London, Friday 5 March 2021

Lucky Numbers and Horoscopes for today, 5 March 2021

How To Make: Black Bean Chilli Mince

How To Make: Black Bean Chilli Mince

Set For Life Results Thursday 4th March 2021

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

Contact

Editorial enquiries, please contact: jack@thelondoneconomic.com

Commercial enquiries, please contact: advertise@thelondoneconomic.com

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • Entertainment
  • Film
  • Lifestyle
  • Food
  • Property
  • Travel
  • Tech & Auto
  • About The London Economic
  • Meet the Team
  • Privacy policy

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.