image credit: Adobe Stock

RICS: UK property market remains downbeat but could be stabilising

March 9, 2023

Via: MoneyWeek

According to the latest data from the Royal Institute for Chartered Surveyors (RICS), the housing market in the UK remains weak. However, RICS’ report suggests green shoots of growth are appearing, which could support the market during the rest of the year.

Last month the RICS reported buyer demand had fallen to its weakest level since 2009 as higher mortgage rates and the increased cost of living prompted buyers to reconsider whether now was a good time to buy a house.

Read More on MoneyWeek