House prices ‘moving firmly upwards despite falls in new buyer inquiries’

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House prices ‘moving firmly upwards despite falls in new buyer inquiries’

Published Wednesday 10 August 2022

Surveyors have seen the longest stretch of shrinking buyer demand in the housing market since the early stages of the coronavirus pandemic.Despite this, house prices continue to move firmly upwards and are still expected to be higher in a year’s time, according to the Royal Institution of Chartered Surveyors (RICS).A net balance of 25% of property professionals reported new buyer inquiries falling rather than rising in July, marking the third month in a row of an overall decline.The RICS report said: “As such, this marks the third successive report in which this indicator has been in negative territory, thereby representing...

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This article was originally published by The Independent and was recommended by Realty48.com a couple of days later due to its popularity. It has gotten a lot of attention and 7 comments have been submitted since it was published in August of 2022. The article "House prices ‘moving firmly upwards despite falls in new buyer inquiries’" is a news post and categorized as Realty by realty48.com and the main topics includes Bank Of England, Business Industry, Economy, House Prices, Housing, Housing Market, Interest Rates, Linus Business, Linus Realestate, Mortgage, Real Estate, U K & Uk.

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