UK housing market momentum slows as interest rate concerns grow

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UK housing-market activity slowed in September as expectations of higher interest rates weakened buyer confidence, according to RICS data. New buyer enquiries fell to a net balance of -22%, while house-price pressures weakened to -32%.

The UK property market experienced a slowdown in September as rising interest rate expectations dampened buyer confidence, according to the latest RICS data. New buyer enquiries fell to -22% while house price pressures intensified, with the net balance dropping to -32%. The post UK housing market momentum slows as interest rate concerns grow appeared first on PropertyWire.