Brexit Is Taking Its Toll on the U.K. Housing Market, RICS Says

The video discusses the impact of economic and political uncertainty, particularly Brexit, on the UK housing market. Simon Runestone, chief economist for the Royal Institution of Chartered Surveyors, shares insights from a recent report indicating a decline in inquiries and sales. The discussion highlights the market's softness despite tight supply and affordability issues, attributing much of the uncertainty to Brexit. The video also explores future market expectations, suggesting that vendors and developers may need to adjust prices to reflect current realities.

What has the Bank of England warned regarding house prices in a worst-case scenario?

How has Brexit uncertainty affected the housing market according to Simon Runestone?

What trends are observed in the second-hand property market?

What is the general sentiment of investors regarding the housing market?

What do developers need to accept about the current market conditions?