Heurist Finance

UK buyer inquiries fall as BoE rate-hike fears build

Bloomberg · 4 hours ago
UK buyer inquiries fall as BoE rate-hike fears build
  • RICS said its measure of new buyer inquiries fell four points to minus 22 in September, declining for the first time since March.
  • The negative reading means more surveyors reported a slowdown in demand than an increase.
  • British property agents say aspiring homebuyers are retreating to the sidelines as the Bank of England considers raising interest rates.

Quotes

“British property agents say aspiring homebuyers are retreating to the sidelines as the Bank of England considers raising interest rates.”— Bloomberg
“its measure of new buyer inquiries fell four points to minus 22 in September, declining for the first time since March”— Royal Institution of Chartered Surveyors

Sources