PHOTO: The Royal Institution of Chartered Surveyors said the number of new properties being listed for sale fell for the fifth month, to a net balance of -24%. Photograph: Yui Mok/PA
Brexit is battering the UK property market, pushing it to its weakest level in more than six years, with almost half of surveyors reporting that sellers and buyers are sitting tight because of political uncertainty.
The Royal Institution of Chartered Surveyors (Rics) said its monthly indicators for demand, supply and prices fell to multiyear lows in November.
The number of people looking for a new home fell again, with many surveyors attributing this to Brexit uncertainty. The net balance of -21%, down from -15% in October, was the lowest since September 2017.
READ MORE VIA THE GUARDIAN