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Housing Today
Trusted media brand of the Chartered Institute of Housing
UK housing demand ‘subdued’ as Bank of England raises rates again
RICS’s monthly survey of agents shows weakening demand while central bank puts rates up to 4.5%
High borrowing costs and an uncertain economic outlook are stifling momentum in the UK housing market, RICS has said.
According to the organisation’s April residential survey buyer was down to –37% on its index, a slump against the –30% reading recorded in the past two reports.
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