‘Fresh headwind’ for housing market as buyers become more cautious

Interest rate expectations mean that home buyers are becoming a little more cautious, the Royal Institution of Chartered Surveyors said (Joe Giddens/PA Archive) - (PA Archive)

Home buyer demand was subdued in September, as higher interest rate expectations weighed on the UK housing market, according to surveyors.

A net balance of 22% of property professionals saw new buyer inquiries falling rather than rising, the Royal Institution of Chartered Surveyors (Rics) said.