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UK House Sales Outlook Is Darkest Since 2023, RICS Says
RICS said 17% of property professionals expect sales to fall as higher mortgage rates curb buyer demand and agreed sales weaken.
Summary by WTVB
6 Articles
6 Articles
UK house sales outlook is darkest since 2023, RICS says
British property surveyors were the most downbeat about the short-term outlook for house sales in more than three years in October, as rising interest rates for mortgages compressed demand, a survey showed on Thursday.
·London, United Kingdom
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Evening Standard+2 Reposted by 2 other sources
Home sales outlook ‘deteriorates to weakest level in more than three years’
The Royal Institution of Chartered Surveyors’ report indicated subdued demand, falling agreed sales and further downward pressure on house prices.
·London, United Kingdom
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Coverage Details
Total News Sources6
Leaning Left2Leaning Right0Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 40%
C 60%
Factuality
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