Housing market 2020

As Britons went to the polls in Thursday's general election, the Royal Institution of Chartered Surveyors (RICS) published the survey showing that its members were more confident than they had been for almost three years that the market would pick up in the coming months.

The UK housing market, the economy and Brexit

Simon Rubinsohn, chief economist at the RICS, said, "Confidence is critical to a well-functioning housing market and, whatever happens in the general election, it is important that the new government provides reassurance both over the stewardship of the economy and the ongoing challenges around Brexit, which continues to be highlighted in a disproportionate number of remarks made by respondents to the RICS survey."Significantly, despite the inevitable near-term concerns, the feedback regarding the medium-term view of the market remains surprisingly sanguine, with the 12-month sales expectations indicator at its best level since the early part of 2017.

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