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Housing Today
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Sales dip due to lack of stock, says RICS
New inquiries rise but have yet to translate into more sales, survey finds
Surveyors reported a drop in sales in October, the Royal Institution of Chartered Surveyors (RICS) has said.
The RICS UK Residential Survey - a monthly sentiment tracker - revealed a net balance of -9% surveyors reporting a reduction in agreed sales in October compared to the previous month. The ‘net balance’ refers to the percentage of respondents reporting more sales minus the percentage reporting a drop.
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