Housing market turned negative in January, says RICS

House prices

The surveyors’ institution’s monthly survey finds demand and sales falling for first time since first lockdown

Housing market activity moved decisively into decline last month due to concerns over the pandemic and the imminent end of the stamp duty holiday, according to the latest figures from the RICS.

The institution’s monthly housing market survey showed that its indices measuring demand, listings and lettings all fell into clear decline in January following seven months of strong growth since the initial easing of the spring lockdown.

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