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Housing demand falls in October

Enquiries to buy new houses fell in October for the fifth month in a row, according to the latest RICS housing market survey.

And instructions to the market dropped sharply for the first time since January.

The RICS blamed continued mortgage challenges and a cautious attitude for the drop in new enquiries. Survey respondents say that many buyers are indicating that they are going to wait until the Spring to make a decision on moving or not.

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

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