House buying slows

According to July's survey from the Royal Institute of Chartered Surveyors, the number of new buyer enquiries is falling at its fastest rate for the last 3 years.
Meanwhile house prices rose for the 21 st month in a row. The survey also showed that confidence amongst Rics members in sales turned negative for the first time since March 2003 following buyers response to market conditions and a possible rate hike in autumn.
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