England’s house price boom may have hit its peak, according to estate agent Haart.
Haart, which operates around 100 branches, says it sees decreasing demand in the housing market, according to the FT.
Haart chief executive Paul Smith says: “We believe the nation has now neared the limit in terms of price rises.”
The estate agent says UK mortgage approvals fell 8.6 per cent in April.
The Royal Institute of Chartered Surveyors says this is partly due to a rush of investors trying to beat a stamp duty surcharge.
But Haart says reduced economic growth and completely unaffordable house prices are also playing a part.