The drop follows two years of growth, although property professionals recorded some regional variation
House prices stalled last month after more than two years of growth as a sharp rise in mortgage rates fuelled caution among buyers, according to Britain’s official surveyors body.
The Royal Institution of Chartered Surveyors (Rics) also predicted that rents will be 4% higher in a year’s time due to an imbalance between strong tenant demand and the supply of homes to let.
