British property surveyors turned the most downbeat on short-term house sales in more than three years across the United Kingdom during October, with sentiment sliding to -17. Higher mortgage borrowing costs weighed heavily on residential demand.
UK house sales outlook hits lowest since July 2023
British property surveyors reported the most pessimistic short-term outlook for house sales in over three years during October. Rising mortgage rates and persistent macroeconomic challenges continued to compress home buyer demand.
