Housing market slowdown blamed on spending cuts and lack of buyers | Business | The Guardian
A dearth of first-time buyers and anxiety about the impact of the government's spending cuts were cited by estate agents today as the key factors behind a slowdown in Britain's property market last month.
The monthly health check on the state of residential housing from the Royal Institution of Chartered Surveyors (Rics) showed that activity and prices both weakened in November, continuing the trend started in the spring.
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