18th May, 2021

Brexit: West Midlands estate agents report decline in new buyer enquiries

Harry Leach 5th Jan, 2020

MORE than 36 per cent of estate agents in the West Midlands reported a decline in new buyer enquiries last month, according to new data.

During October – and in the face of Halloween Brexit – the housing market also suffered from ‘subdued housing sales’ with 31 per cent of residents reporting a fall in newly agreed sales.

The data, gathered by professional body Royal Institution of Chartered Surveyors (RICS), also shows dips in sales from other parts of the UK.

Many of the agents said they do not expect to see sales increase anytime soon.

Commenting on the survey, Simon Rubinsohn, RICS Chief Economist, said: “Given the upcoming general election next month, it appears unlikely that these trends will pick up to any meaningful extent over the remainder of this year.”

Business Directory

From plumbers, to restaurants, we can provide you with all the info you need.

Public Notices

View and download all of the public notices in the Redditch Standard.

Buy Photos

Buy photos online from the Redditch Standard newspaper.

Property Finder 24/7

Search for properties in Worcestershire, Warwickshire and the West Midlands.