Charity investing down as house prices undermine economy?

Charity investing may suffer following the publication of house prices data for October, which shows demand continues to fall.

Weak interest in real estate may indicate consumer confidence is low, which in turn can affect charity investing and might discourage individuals from giving to worthy causes.

The Royal Institution of Chartered Surveyors revealed first-time buyer interest slid for the fifth month in a row, with a "generally cautious attitude" meaning the net balance of enquiries dropped from -12 to -2.

And those attempting to sell homes might also reduce their charity investing, as a sharp fall in the level of real estate put on the market saw the net balance of listings drop from +22 in September to -4 last month.

Spokesman Jeremy Leaf stated: "It is also worth noting that a subdued housing market is not good news for an economy which requires a high degree of mobility to take advantage of job opportunities."

Commenting on the recent spending review, the organisation warned the government is "gambling with the economy" by cutting spending on housing, saying it would have a significant impact on first-time buyers and general affordability.  ADNFCR-2318-ID-800224935-ADNFCR