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Digital Subscriptions > Argyllshire Advertiser > 20 July 2018 > UK housing sales remain subdued as rent expectations continue to heat up

UK housing sales remain subdued as rent expectations continue to heat up

Sales activity in the UK housing market remained subdued, according to the latest RICS UK Residential Market Survey.

Newly agreed sales keep on falling

Significantly, over the month, newly agreed sales have recorded the 16th successive month of continued decline, with 7% more respondents reporting a fall in agreed sales. The RICS series is a good lead indicator by around two quarters of the HMRC and Land Registry transactions data, and this continued decline in newly agreed sales suggests that the soffer trend in sales volumes will not improve over the coming months.

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