Homebuyer inquiries fell in August at the steepest rate since the early stages of the coronavirus pandemic as the cost-of-living crisis and wider economic challenges affected market conditions, according to surveyors.
The Royal Institution of Chartered Surveyors (Rics) said a net balance of 39% of property professionals reported a fall rather than a rise in new buyer inquiries in August, marking the sharpest downturn since April 2020.
