House sales outlook hits three-year low as mortgage rates soar

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House sales outlook hits three-year low as mortgage rates soar

Housing sales are forecast to have fallen to the lowest point in over three years as increased mortgage rates drive down buyer demand and the property market continues to cool. According to the Royal Institution of Chartered Surveyors’ (RICS) latest findings in its UK Residential Market Survey, the outlook for sales has slipped to the [...]