Brexit uncertainty taking toll on property market, experts say

Brexit uncertainty has crushed confidence in the property market, according to the official surveyors’ body, with buyers evaporating, prices falling and sales taking a record amount of time to complete.

The Royal Institution of Chartered Surveyors (RICS) said the time taken to complete a property sale has widened to 19 weeks, the longest duration since it began collecting data.

It said the downward pressure on prices in London had spread out of the capital, and that “the already negative readings for the south-east and East Anglia deteriorated a little further in September”.

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