Housing market activity collapses to record lows in April

Homes for sale

The RICS’ latest survey shows near universal drop in sales, but some optimism that activity will rebound

Eight out of 10 estate agents saw buyers pull out of house purchase deals in April, with surveyors almost unanimously reporting falling sales in the month.

The latest monthly housing market survey from the RICS said that a record balance of 92% of surveyors saw sales dropping in April, with a balance of -96% reporting falling new instructions.

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