Activity in the UK housing market is set to fall to its lowest level in more than 30 years, according to a leading estate agent. Daily Telegraph
Uncertainty among buyers and sellers and the reduced availability of debt will drive down transaction levels to 800,000, according to data from LSL Property Services.
LSL chief executive Simon Embley said: 'In the fourth quarter of last year we saw consumers getting very nervous about what was happening with affordability. Added to that we have seen a number of lenders exit the market.'
Most economists expect a 20% fall this year, with about 1m properties sold.