Tuesday, March 11, 2008

Sorry To Rub It In

House price slump continued in February

New figures indicate the downturn in the housing market has deepened last month, with near record price drops reported by surveyors. The Royal Institution of Chartered Surveyors (Rics) monthly housing market survey shows that 64.1 per cent more of its members reported a fall in prices rather than a rise during February. This is up from January's figure of 54.8 per cent and is close to the record low noted in June 1990, when 64.5 per cent more of Rics members reported a rise rather than a fall. Further indication that the slowdown is continuing was provided by the fact that the net balance of surveyors reporting a drop in the number of new buyer enquiries rose from 35 per cent to 37 per cent. NOTHING ANYBODY HERE DIDN'T KNOW

Posted by plato @ 11:45 AM (628 views)
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One thought on “Sorry To Rub It In


    These *Rics are a volatile lot themselves.

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