House Prices
UK Property Surveyors Expect Rise in Home Sales After Election
- RICS says house prices remain in mild negative territory
- Confidence that Bank of England will cut interest rates
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UK home sales are likely to rebound as buyers draw more confidence that interest rates will fall and the uncertainties of last week’s general election pass, the Royal Institution of Chartered Surveyors said.
RICS said its measure of residential sales expectations over the next three months accelerated to the highest level since the start of 2022. That led respondents to anticipate prices will pick up in the near-term for the first time in two years.