Home-buyers surge 'tailing off'

Press Association
Updated
File photo dated 02/10/2012 of a general view of an estate agent's 'Sold' sign outside a property. House prices surged by 7.5% annually in December but fell back month-on-month for the first time in almost a year, Halifax has reported. PRESS ASSOCIATION Photo. Issue date: Wednesday January 8, 2014. The year-on-year increase was close to a 7.7% rise recorded in November, which was the highest annual lift seen in six years. See PA story ECONOMY House. Photo credit should read: Chris Ison/PA Wire

%VIRTUAL-SkimlinksPromo%The surge in the number of would-be buyers who have been piling into the housing market amid better access to mortgage deals has started to show signs of "exhausting", surveyors have reported.

The Royal Institution of Chartered Surveyors (Rics) said that the continued increase in potential buyers entering the market eased off to its lowest point in almost a year during February as the clamour from those previously shut out of the property market started to fade.

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