Advertisement

Demand for new homes falls in the South West

Demand for new homes has slowed in the south West Credit: ITV News West Country

Demand for new homes in the South West fell in July, to the lowest level since October 2011, while the supply of new properties coming onto the market also decreased, according to the July RICS Residential Market Survey.

In the region, 7% more chartered surveyors saw a fall rather than rise in new buyer enquiries in July, with 16% more surveyors seeing a fall in new instructions – a decrease from a net balance of 0% last month.