Uncertainty over Andy Burnham's economic plans is creating headwinds for the UK housing market, according to a survey of estate agents. Reports that Burnham is considering sweeping changes to property taxation is leading many prospective buyers to delay decisions until there is greater clarity. The Royal Institution of Chartered Surveyors said agents reporting a drop in buyer enquiries continued to significantly outnumber those seeing an increase in June, though to a lesser extent than the previous month.
- Political uncertainty surrounding Andy Burnham's potential economic and property tax policies is causing prospective buyers in the UK to delay decisions.
- Estate agents report a continued drop in buyer enquiries, with sentiment fragile and sales and prices expected to remain under pressure in the short term.
- Concerns about new or increased taxes and the path of interest rates are stifling housing market activity across the UK.
Topics: Asset types, Jurisdictions, Political endorsements opposition, Real assets, Established hubs, Legislative debates
Tags: #ukhousingmarket #politicaluncertainty #andyburnham #propertytaxation #buyerenquiries #rics #interestrates #inflation #houseprices #london
No comments:
Post a Comment