UK house prices stall as moving costs and interest rate rise bite

Scotland, north-east England and Wales only areas where sales picked up, according to surveyors

Britain’s housing market has stalled, with fewer people looking to buy a new home and prices barely rising across the country, according to a survey by the Royal Institution of Chartered Surveyors (Rics).

Rics expects the market to remain subdued in the coming months as newly agreed sales stay flat or fall in most regions of the UK.

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