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UK home prices predicted to fall as property sector slowly reopens

Surveyors expect rents to fall across the UK in the coming three months, but stabilise in a year's time

Published Thu, May 14, 2020 · 09:50 PM
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London

AS THE UK property market slowly reopens after a long hiatus caused by the Covid-19 pandemic, chartered surveyors and estate agents predict that home prices will fall.

In the latest survey of the Royal Institute of Chartered Surveyors (RICS), three-quarters of respondents expected prices to fall in the coming weeks, with two-fifths saying the drop could be more than 4 per cent.

Some 80 per cent of Britain's property surveyors said that buyers had withdrawn from house and apartment deals duri…

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