Demand for U.K. housing dropped to a six-month low in February, according to the Royal Institution of Chartered Surveyors.
A measure of enquiries from potential buyers fell to 0 from 3 in January, RICS said in its monthly survey of real-estate agents published Thursday. A gauge of instructions from sellers also declined, remaining below zero for an 12th month.
Economists expect home price growth to cool this year as accelerating inflation erodes household incomes and Brexit uncertainty clouds the economic outlook. RICS said buyer interest had “failed to see any meaningful growth since November” and key activity indicators “remain subdued.”
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