Jun
08
U.K. House Prices Predicted to Drop for First Time Since 2012
By-
RICS survey shows London home prices already falling in May
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EU referendum, waning demand after tax change weigh on market
U.K. house prices look set to dip for the first time since 2012 amid uncertainty before Britain’s vote on European Union membership and as a new tax on buy-to-let properties and second homes kicks in.
Home prices in central London are already falling, according to May data from the Royal Institution of Chartered Surveyors. While they continue to increase modestly across the rest of the U.K., 10 percent more respondents predicted that they will fall than expect them to rise in the coming three months. The U.K. capital and East Anglia will be worst hit, the report shows…
U.K. House Prices Predicted to Drop for First Time Since 2012
