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The Independent UK
The Independent UK
National
Vicky Shaw

‘Storm clouds gather’ over housing market as mortgage rates rise

Housing Market RICS Simon Rubinsohn
PA Archive

“Storm clouds are visible” in the housing market, according to surveyors, with surging mortgage rates expected to push house prices downwards in the year ahead.

The market lost momentum in September, with new buyer inquiries falling for the fifth month in a row, the Royal Institution of Chartered Surveyors (Rics) said.

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