RICS: Property market confidence is rising amid hopes of rate cuts

Research shows buyers and seller sentiment has turned positive and that could mean house prices rise later this year

Row of houses
(Image credit: Getty Images)

Buyer and seller demand is finally improving and house prices may actually rise this year, research from the Royal Institution of Chartered Surveyors (RICS) suggests.

The housing market slumped for much of last year, as high mortgage rates and sticky inflation weighed on demand.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.