Worst of slowdown in housing market activity may be starting to pass – surveyors
AI Summary
The housing market appears to be stabilizing after hitting its lowest point, according to the Royal Institution of Chartered Surveyors (Rics). While activity remains sluggish, this could signal the end of the worst slump. This trend is crucial as it impacts mortgage rates, property prices, and overall economic growth. The clarity needed for a real recovery likely hinges on economic indicators and potential policy changes from the Bank of England.
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