Claims extracted
11
sentences that state something as happening or true
Uncertain
27%
3 of 11 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
64/100
Evening Standard's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
3
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Property professionals are bracing for a weaker year ahead for home sales, with the expected outlook for transactions at its weakest level in more than three years, according to surveyors.
uncertain
outlook → brace → surveyors
The Royal Institution of Chartered Surveyors (RICS) said that looking at sales expectations for the 12 months ahead, a net balance of 17% of professionals are expecting sales to fall rather than rise, marking the most downbeat outlook since July 2023.
asserted
sales → say → July
RICS said that higher mortgage rates are weighing on buyer demand.
asserted
rates → say → demand
A net balance of 24% of property professionals reported new buyer inquiries falling rather than rising, according to the October survey.
uncertain
inquiries → report → survey
This was unchanged from September, with virtually all parts of the UK reporting either falling or stagnant demand, RICS said.
asserted
RICS → report → demand
Agreed sales also fell back, with a net balance of 24% of property professionals reporting seeing a fall rather than a rise, marking the weakest reading in three months.
asserted
balance → fall → months
A net balance of 36% of property professionals saw house prices fall after prices had previously showed signs of having stabilised over the summer.
asserted
prices → see → summer
Property professionals also revised down their price expectations for the year ahead, with a net balance of 17% expecting prices to fall, deteriorating from a flat house price reading of zero previously.
asserted
prices → revise → zero
The pipeline of new property listings could also weaken, with new instructions to sell falling marginally overall in October, having previously been increasing.
uncertain
instructions → weaken → October
In the lettings market, pressure on rents strengthened as tenant demand saw modest growth while landlord instructions continued to fall.
asserted
instructions → strengthen → growth
Read More
RICS head of market research and analysis Tarrant Parsons said: “Home buyer demand remains subdued and respondents are bracing for a weaker year ahead for sales given the persistent macroeconomic challenges being faced.”
asserted
respondents → read → challenges
The Aporia
