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.
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