Real estateUpdated 21h ago

RICS finds UK housing pessimism at a three-year high.

The RICS survey is about what agents expect next, and the mood has shifted hard. UK estate agents are more downbeat about home sales than at any point in over three years, while expectations for both sales and prices have fallen sharply. Reports on the survey say elevated mortgage rates are weighing on demand, giving the gloom a concrete pressure point. So the pessimism isn't limited to whether homes will sell: agents are also less optimistic about what those homes will fetch.

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