Home Residential Property Is the London housing market finally slowing?

Is the London housing market finally slowing?

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9th Oct 14 12:34 pm

Housing demand in London is down for the fifth consecutive quarter and surveyors expect prices will fall over the next three months.

Prices were expected to rise in the rest of the UK, according to a survey by the Royal Institution of Chartered Surveyors (Rics).

Rics said this was due to the Bank of England being more vocal about the risks, affordability and new mortgage rules. Expectations of higher interest rates were also a factor, it said.

However, this wasn’t likely to make much difference for people trying to get on the property ladder, according to Shelter.

Campbell Rob from the housing charity told the BBC: “The prospect of a stable home is becoming a distant dream for far too many young people and families.”

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