UK house price inflation is set for a slowdown over the coming months, a survey by the Royal Institution of Chartered Surveyors (Rics) suggests.
It said the forthcoming referendum on European Union membership and elections in Scotland, Wales and Northern Ireland would cool the housing market.
Rics said the Stamp Duty increases for landlords that came in on 1 April were another factor.
The Halifax has also said that the EU vote is likely to slow the market.
The survey showed that most surveyors in London expect prices to fall over the next three months.
The number of surveyors expecting a price fall outweighed those expecting a rise by 38%.
Trending
- US POSTAL SERVICE SUSPENDS INCOMING PACKAGES FROM CHINA, HONG KONG
- EU WANTS SWIFT TRADE TALKS WITH US TO AVERT TRUMP TARIFFS
- Nissan and Honda may call off merger talks
- CHELSEA LOAN OUT DISASI, CHUKWUEMEKA AND CHILWELL
- TRUMP DELAYS MEXICO TARIFFS AS BORDER SECURITY DEAL MOVES FORWARD
- TRUMP WANTS UKRAINE TO SUPPLY THE U.S. WITH RARE EARTH MINERALS
- TRUDEAU TO LIST CARTELS AS TERRORIST AND REINFORCE THE BORDER
- MILLIONS FACE COUNCIL TAX HIKES