✉news BusinessReal Estate first seen 9 h ago, last 1 h ago, peak #1
Rate hike fears weigh on UK housing market, RICS says
The Royal Institution of Chartered Surveyors reports that fears of further interest rate increases are weighing on the UK housing market, dampening buyer demand and activity. Higher borrowing costs are making prospective buyers more cautious, with expectations that mortgage rates could rise further keeping many out of the market. The survey adds to signs of a slowdown in British property prices amid the Bank of England's tightening cycle.
Why now: Fears of further Bank of England rate hikes are cooling UK housing demand and prices.
RICSBank of EnglandUK housing market
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