Thursday, Dec 13, 2007
RICS survey makes interesting read.
Guardian: House price falls are fastest in two years
House prices across the UK fell at their fastest rate in more than two years last month as higher interest rates and tighter controls on mortgage lending prevented many buyers from getting on the property ladder, the Royal Institution of Chartered Surveyors (RICS) says today.
Its latest monthly report on the housing market says prices are expected to fall further. The attitude of surveyors appears gloomier than at any time since 1998. The figures for November compare the proportion of surveyors reporting a drop in prices with those who saw the market climb. The study shows 40.6% more surveyors reported a fall than a rise. In October, the gap was just 23.4%.
Posted by nmarks @ 04:15 AM (161 views) Add Comment
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