Head office
Archdeacon House
Northgate Street
Ipswich
IP1 3BX
01473 927 365
Woodbridge Office
28 Church Street
Woodbridge
Suffolk
IP12 1DH
01394 388 488
The latest monthly report produced by the Royal Institution of Surveyors has indicated that the housing market is stabilising in the wake of the UK’s vote to leave the EU.
The report gathers the observations of surveyors across the country, and is considered to be a good measure of confidence within the market.
Following the referendum result, initial findings suggested a drop in prices as uncertainty amongst buyers grew. Members of the Institution are now forecasting an increase of around 3.3% a year for the next 5 years.
One of the main factors in the predicted increase is a shortage of property for sale. Average numbers on estate agents books have been dropping over recent months, with numbers close to the record low recorded last December.
However, the recent base rate cut, record low mortgage rates and low unemployment levels, should help to boost the confidence of potential buyers over the next few years, as negotiations to leave the EU begin.
Archdeacon House
Northgate Street
Ipswich
IP1 3BX
01473 927 365
28 Church Street
Woodbridge
Suffolk
IP12 1DH
01394 388 488
5 & 6 Crescent Stables
Upper Richmond Road
Putney
London
SW15 2TN
020 4524 9345
Poplar Hall Barn
Low Road
Debenham
Suffolk
IP14 6BS
01449 723 500
Established in 2020, Halls + Halls offers 40 years’ of expertise in the real estate industry. Our team provides an easy to understand, non-negotiable fixed fee product to sell property.