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Property market rebounds after EU vote

By David Young, PA

Published 10/11/2016

Buyers are returning to the property market after the EU referendum uncertainty, but they are being hampered by a lack of supply, a new survey has indicated.

The latest analysis of house purchasing trends recorded a rise in home buyer inquiries in October, the second successive month of upward movement after five months of decline before and after June's Brexit vote.

But the Royal Institution of Chartered Surveyors and Ulster Bank survey noted a fall in the number of new properties coming to market last month - the third month in the last four to record fewer for-sale signs.

The report said the consequence of increased demand and fewer homes was an expectation that prices would edge up.

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