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The Independent UK
The Independent UK
National
Vicky Shaw

House hunter numbers edge down as living costs and higher interest rates bite

RICS Simon Rubinsohn
PA Archive

Demand from prospective home buyers fell in May, in what could be a side-effect of the rising cost of living and higher interest rates, according to surveyors.

The Royal Institution of Chartered Surveyors (Rics) said property professionals reported that new buyer inquiries fell in May, with a net balance of 7% reporting falls rather than rises.

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