UK surveyors expect weakest home sales since at least 2012 - RICS

From financialpost.com

The number of homes sold in Britain over the next 12 months is set to fall by the most in at least a decade, as fears of recession and rising interest rates hurt the market, the Royal Institution of Chartered Surveyors (RICS) said on Thursday. The industry body said its members also seen the biggest fall in enquiries from new buyers since April 2020, at the start of the COVID pandemic, while prices were rising at the slowest pace since January 2021 and were expected to level off. “Concerns over the economic backdrop and rising interest rates continue to take their toll on market momentum, with strong activity early ... (full story)