PMI reading comes in flat despite expectations for a decline
The number of property sales agreed in June 2017 increased by 4.6% year-on-year according to the latest survey by property website Rightmove (RMV).
Cumulative sales agreed in the first six months of 2017 were only down 0.4% from the same period of 2016 despite a rush of transactions early last year ahead of new stamp duty guidelines (which made for tough comparative figures to beat this year).
Rightmove director and housing market analyst Miles Shipside says: ‘A year on from the shock referendum result and subsequent dent in activity levels the fundamentals remain strong.’
