Slowdown shows no signs of easing

With buyer enquiries falling, house price growth slowing and mortgage approvals showing few signs of life, the housing market slowdown is showing few signs of easing. What’s more, long-term expectations of both prices and sales have started to come down – suggesting that market sentiment has started to take a hit. That said, the economy should pick-up a little in the coming quarters. That in turn should support demand, leading to a gentle recovery in activity by the end of 2017.