Savills has revised down its UK house price forecast as higher mortgage costs weigh on demand.
Savills has revised down its UK house price forecast as higher mortgage costs weigh on demand.
Annual house price growth slowed to 1.7% in May, from 3.0% in April.
Lower-band NHS workers face more than 100 years to afford a first-time buyer home in London, the new research shows.
Housing market activity is holding up in the face of uncertainty, though with fewer buyers than a year ago the outlook remains finely balanced.
The East Midlands experienced the largest monthly and annual price increases.
Market activity continues to hold up despite the ongoing cost-of-living pressures and recent higher mortgage rates.
Sales market activity indicators remain firmly negative, the latest RICS data shows.
Pricing, and the seller's commitment to selling at a realistic price, is the biggest factor.
Northern Ireland continues to record the strongest annual growth at 7.6%.
Annual growth increased to 3%, with a monthly rise of 0.4%.
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