November 2010 RICS Survey (pdf file)
East Anglia finds itself near the bottom of the regional tables on most of the measures, most notably it has the most bearish price expectation for the coming three months.
The comments from individual surveyors are comfortingly bearish too, let's hope they are communicating these sentiments to the vendors:
Jeffrey Hazel FRICS, Geoffrey Collins & Co., Kings Lynn - "Xmas has come early this year. All aspects of the residential market have slowed down. Vendors will still not accept that the value of their property has fallen in line with the market."
Carl Eastwood, Strutt and Parker, Ipswich - "Price reductions are inevitable, with buyers in the market looking to pay well under current guide prices."
D M Potter FRICS, Potter and Co, Norwich - "Very quiet. We are seeing another round of agency closures in our city. 'Double dip' is here."
'Double dip' is here indeed!
Bring it on, Mr Potter!!!
Edited by luigi, 14 December 2010 - 10:26 AM.