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Brexit deadlock continues to hit house market.

THE current Brexit deadlock continues to have repercussions for the Welsh housing market, affecting surveyor, buyer and vendor confidence according to the latest RICS (Royal Institution of Chartered Surveyors) Residential Market Survey.

While the latest survey results do indicate that an increase in prices has been experienced in the last three months in Wales, the other survey indicators are all either flat or in negative territory.

New instructions to sell and newly agreed sales both fell back sharply last month, according to respondents, and surveyors expect prices and sales to be broadly flat over the next three months.

Comments from surveyors reflected a perceived hesitancy amongst potential purchasers and sellers, due to the political impasse.

The hesitancy of sellers can be seen in the new instructions to sell balance, which is at its lowest level in the survey's 20-year history.

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Publication:Daily Post (Conwy, Wales)
Date:Apr 11, 2019
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