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Supply of fresh buyers and sellers in housing market shrinks in early 2021

28% of property professionals in the UK reported new buyer inquiries falling rather than increasing in January, the Royal Institution of Chartered Surveyors (Rics) said.

38% reported that new property listings were also down.   18% of surveyors observed sales dropping off rather than increasing.

Rics’ report said comments left by its survey contributors suggest “the overall situation around the pandemic at present is deterring would-be buyers and vendors”.

Simon Rubinsohn, Rics chief economist, said: “The appeal of properties with more room and outside space is, meanwhile, a theme that continues to be strongly evident in the responses to the survey.”

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