UK housing listings at record low
UK housing listings have hit a new record low, as new instructions continue to fall, according to new figures from RICS.
The shortage of supply is helping to hold up prices, although they are falling in London, according to the March 2017: UK Residential Market Survey from the Royal Institution of Chartered Surveyors (RICS).
On average, there are just 43 properties per agency, the lowest since the RICS started collecting data in 1978. And respondents expect only a modest improvement as the year wears on, with 12 month sales projections being trimmed in the latest report.