RICS: the outlook for house prices is getting worse

The latest data from the Royal Institution of Chartered Surveyors found the outlook for the UK housing market is reaching levels not seen since 2009.

Row of white houses
(Image credit: Getty Images)

High mortgage rates are weighing on the property market, suggesting the sector is facing its bleakest outlook since 2009, according to the latest Royal Institution of Chartered Surveyors (RICS) survey. 

The RICS Residential Market Survey measures the percentage of surveyors that are reporting house price increases versus declines. 

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Nic studied for a BA in journalism at Cardiff University, and has an MA in magazine journalism from City University. She has previously worked for MoneyWeek.