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The Independent UK

National

Vicky Shaw

Mortgage affordability ‘hitting housing market but 12-month outlook more stable’

Housing Market RICS Tom Bill United Kingdom

PA Archive

Mortgage affordability is continuing to affect the property market, with nearly all parts of the UK seeing house prices retreat, according to surveyors.

The Royal Institution of Chartered Surveyors (Rics) said its report for September shows the continuation of a challenging market backdrop, with interest rates continuing to hamper mortgage affordability, and the disparity between tightening lettings supply and rising demand causing rental price rises.

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