Housing market activity hit by January chill

Activity in the UK housing market was frozen by the snowy weather in January, although prices continued to rise, according to surveyors.

Buying and selling activity fell during the month owing to the extreme weather conditions, the Royal Institution of Chartered Surveyors (Rics) said.

However the group expects a "Spring bounce" in the coming months.

Surveys have suggested that the housing market has begun to recover from a sharp slump over the last six months.

Source: BBC News

Contact Us

News