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UK housing market sees ‘respite’ as mortgage rates ease

Royal Institution of Chartered Surveyors says falling inquiries from new buyers approaching a ‘flatter trend’

The housing market has had some “respite” in recent weeks as activity picked up amid easing mortgage rates after a challenging 2023, according to surveyors.

Inquiries from new buyers are approaching a flatter trend, after falling in recent months, according to the December report from the Royal Institution of Chartered Surveyors (Rics).

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