Housebuyer demand falls for 12 month in a row

Residential for sale signs

Source: Shutterstock/Tom Gowanlock

Latest RICS survey points to affordability and stock issues

Demand from prospective home buyers fell for the 12 month in a row in March, with the blame being pointed at affordability issues and a lack of stock coming to the market.

The latest RICS UK Residential Market Survey found that interest from would-be buyers continued to wane, with 17% more respondents seeing a fall rather than rise over the month in a trend dating back to March 2017.

Last month saw the flow of properties slow again, marking the seventh consecutive month respondents reported a fall in the number of houses being put up for sale.

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