Rate hike fears weigh on UK housing market, RICS says

Rate hike fears weigh on UK housing market, RICS says

LONDON, Oct 8 (Reuters) - The prospect of higher interest rates weighted on Britain's housing market last month, with downward pressure on house prices increasing for the first time ​in four months, the Royal Institution of Chartered Surveyors ‌said on...

Welsh housing market confidence falls as mortgage rates rise

Mortgage rates climbing in September have left the Welsh housing market on a cautious footing, with the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey showing a sharp dip in buyer interest, sales and price expectations. Surveyors recorded a net balance of ‑49 per cent of respondents reporting a fall in new buyer enquiries – the lowest figure since November 2025. On the supply side, the net balance for new instru…

Housing Market Confidence Weakens in Wales as Mortgage Rates Climb

Activity across the Welsh housing market was muted through September according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey, and the rise in mortgage rates appears to be weighing on the sales and pricing outlook. A net balance of -49% of respondents in Wales report that there was a fall in new buyer enquires in the most recent survey. This is the lowest this balance has been in nearly a year (since Nove…

Higher interest rate expectations weakens buyer demand in September – RICS

Higher interest rate expectations reduced buyer confidence in the UK housing market during September, research from the RICS found.