Wednesday, February 13, 2008
House prices fall in January
Please don't post thousands of articles citing this same source - these are the source figures from RICS, there is nothing that the BBC or Guardian or Times can add to it. Bold text is as per the source article. "The balance of surveyors reporting house price falls increased again in January. The RICS house price balance dropped for the sixth month in succession signalling half a year of negative market sentiment. The decline in demand picked up speed as new buyer enquiries fell at the fastest pace since October. The stock of unsold property on surveyors’ books jumped by more than 10 percent and has increased by in excess of 40 percent since September 2007. Currently the average level of unsold property per surveyor is at the highest level since February 1999."