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Story summary
- The UK housing market faces renewed challenges as the Iran conflict dampens buyer confidence, according to the Royal Institution of Chartered Surveyors (RICS).
- RICS reports February buyer inquiries fell to -26% and sales to -12%, down from January.
- Despite weaker demand, +17% of surveyors expect sales to rise over the year.
- Prices are flat; London and the South East face downward pressure.
- The lettings market remains stable, though landlord instructions are negative.
