The volume of new home buyer inquiries deteriorated to the weakest level recorded in around two years in November, according to the Royal Institution of Chartered Surveyors (Rics).

A net balance of 32% of property professionals reported new buyer inquiries falling rather than rising, which was the weakest reading since late 2023, its report found.

The number of new instructions to sell and sales being agreed was also falling overall, with professionals highlighting the impact of pre-Budget uncertainty.

Survey feedback continues to point to a gentle decline in house prices overall, with price falls being particularly negative in London.

But professionals in Northern Ireland and Scotland continue to cite an upward trend in house prices, Rics said.

Over the year ahead, a net balance of 1

See Full Page