Tuesday, Feb 10, 2009
Volume and prices in residential market down again
Citywire: House sales fall to new low
The UK's housing market continues to suffer in 2009 amid the ongoing recession, with new figures released today showing house sales and prices are still falling. The Royal Institute of Chartered Surveyors (RICS) said that in January the average number of sales over the last three months had dropped again to a low of just 9.9 sales, down from 10 in December and its lowest level since the survey began in 1978. The majority of surveyors have also seen prices fall again, with an increased balance of surveyors reporting further declines in prices rising in January than in December.
Posted by jack c @ 11:20 AM (376 views) Add Comment
3 Comments
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1. Chris said...
So down to 10 per estate agent in Q4 2008. And that is in an industry where there have been huge cuts in the number of estate agents over the last year - very few houses are being sold here!
2. james stephenson said...
I predict that house prices will spend some time considerably below fair value.
I believe that we are just getting started.
3. inbreda said...
I refuse to read this article (based on the advice of an ulster based estate agent).