Icy weather hits housing market

More surveyors reported a rise in prices last month compared with December last year, according to the RICS UK Housing Market Survey. However, the net balance of surveyors reported that buyer enquiries fell for the first time in 14 months while new instructions dropped for the first time in seven months. It concludes the bad weather "clearly" had a negative affect on business levels - with newly-agreed sales falling for the first time in 10 months - and therefore expects a return to normal levels in February. "The cold snap in January clearly has a huge impact upon both supply and ...