PHOTO: Houses for sale in Norwich. Rics forecasts property prices in East Anglia will remain flat over the next 12 months. Photograph: Jason Bye/Alamy
The UK property market is at its weakest for six years, with prices flat or falling across half the country according to Britain’s official surveyors body, with reports that sales are “in limbo” until a Brexit deal emerges.
The Royal Institution of Chartered Surveyors (Rics) said its monthly survey of members found “the weakest reading since September 2012” in October, with prices falling in London, the south-east, south-west and East Anglia.
Surveyors expect prices to continue to fall in these parts of the country for the next three months, although they are forecasting they will remain flat nationally over the next 12 months.
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