More Homes for Sale As Price Rises Slow Down

Summary


House prices rose at their slowest level for more than a year in May, with rising interest rates slashing surveyors' confidence in future prospects for the property market.

New figures from the Royal Institution of Chartered surveyors showed that just 23.9 per cent more surveyors reported house prices rising in the three months to May, compared to 28.5 per cent in April.

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Extract


More Homes for Sale As Price Rises Slow Down

Meanwhile, the number of homes for sale shot up at the fastest rate in the Rics report's 30-year ...

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