House prices could fall “significantly” in the coming months, with the Royal Institution of Chartered Surveyors (Rics) saying ongoing coronavirus restrictions and the end of the stamp duty holiday are likely to hit values. Rics said that while property prices, sales and buyer demand all increased in December, growth was at a slower pace than seen in previous months. The Rics survey saw near-term sales expectations slip to post a net balance of -22%, with this the weakest since April 2020. For the twelve months ahead, sales expectations are marginally negative, with a net balance of -6%.
Read more: The Times
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