Meanwhile, there is little sense that the projected softer sales picture will feed through into pricing which is viewed as likely to prove rather stickier in the face of ongoing macro challenges. A key issue as government looks to continue to build the delivery pipeline will be the response of developers to a tougher market without the incentive of the stamp duty break and the tapering of the Help to Buy scheme. Critically, it is not simply a numbers game with the latest price moves highlighting ever more acute affordability issues and the importance of ensuring adequate provision across tenures.
Property professionals do brisk business in run-up to Christmas amid fears sales will drop
Property professionals report they are doing brisk business in the run-up to Christmas, but there are concerns that a sharp slowdown in sales could be around the corner in the spring. PUBLISHED: 14:21, Thu, Dec 10, 2020 | UPDATED: 14:22, Thu, Dec 10, 2020
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Sales of homes continued to rise ahead of Christmas, but surveyors are expecting a slowdown early next year.
Many buyers have been trying to benefit from temporary stamp duty holidays, the Royal Institution of Chartered Surveyors (RICS) said.
But there were signs that demand was losing a bit of steam in some areas of the UK.
Despite the predicted slowdown it is not expecting a significant fall in house prices.
It pointed out that stickier property prices could cause affordability problems for some people hoping to buy a home.
Wales and Northern Ireland seeing particularly strong growth for November, it said.
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