UK housing market stays muted but optimism builds, RICS survey shows

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UK housing market stays muted but optimism builds, RICS survey shows

LONDON - Britain's housing market remained soft in June but surveyors were more positive about the outlook following this month's parliamentary elections and with interest rates likely to fall, a survey showed on Thursday.

A combination of the expected fall in borrowing costs and a greater emphasis on house-building by the new government of Prime Minister Keir Starmer boded well for the sector, he said.

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