More Estate Agents Are Reporting Falling House Prices, RICS Says
According to the survey conducted by the Royal Institution of Chartered Surveyors (RICS), more estate agents are reporting falling house prices across the UK. This trend is more widespread than it has been for the past year, reflecting concerns over potential tax increases and a deteriorating economic outlook, which are weighing on housing demand. The survey indicates that the slowdown in the housing market is becoming more widespread, with a larger number of estate agents reporting price declines. This suggests that the previously buoyant housing market is starting to cool, potentially due to the uncertainty surrounding the economic and fiscal environment. The findings from the RICS survey provide a snapshot of the current state of the UK housing market, highlighting the challenges faced by both buyers and sellers as they navigate the changing landscape.
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