UK home sales outlook sinks to three-year low, Rics survey finds

The Royal Institution of Chartered Surveyors says its 12-month sales expectations index fell from 1 in September to minus 17 in October, the weakest since July 2023. Negative readings mean more surveyors expect declines than increases. The FT reports that agents also recorded falling prices, buyer enquiries and agreed sales, while Rics warned mortgage rates were likely to remain elevated, weighing on demand.