Top Stories
Top Stories

UK house sales outlook weakest in 20 years as Brexit nears

he early morning sun shines on houses in Bristol on August 7, 2009 in Bristol, England.
Matt Cardy | Getty Images News | Getty Images

A measure of expected British house sales over the next three months was the weakest on record in December as Brexit approached, a survey of property valuers showed on Thursday.

The Royal Institution of Chartered Surveyors (RICS) said the net balance of -28 among surveyors about the short-term outlook for housing sales was the weakest in the 20 years it has been asking the question.

Britain's housing market has slowed since the June 2016 Brexit referendum with house prices, as measured by mortgage lenders Halifax and Nationwide, growing at the slowest pace in around five years.