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Yorkshire house prices stall in July

According to the RICS (Royal Institute of Chartered Surveyors) UK Residential Market Survey, the growth of house prices in Yorkshire and Humber seemed to have slowed down last month.

The key market indicators such as price expectations,buyer enquiries, agreed sales and new instructions all dropped during the month of July.

In Yorkshire and the Humber, only 9% of agents saw a rise rather than a fall in house prices last month.

In terms of new buyers, the survey revealed their interest had also fallen. Lack of stock in the regions housing market is beginning to cause ripples within the sector. In most parts of the UK, supply is at or around record lows.

It’s possible the market could have stalled because of Brexit. The uncertainty in the air about how things will change could continue to remain for the next two years.

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