Tuesday, December 9, 2008

Green shoots?

House sales still falling - RICS

Property sales fell even further in November, according to the latest survey from the Royal Institution of Chartered Surveyors (Rics). The number of sales per estate agency fell during the three months to November to 10.6, the lowest since records began in 1976. However, the balance of surveyors reporting price falls improved to 76.5%, from 81% in October. RICS spokesman Jeremy Leaf said: "Many are starting to see the current market as an opportunity to purchase a previously unaffordable property." The survey comes a day after Rics forecast that the value of commercial property would drop by 50% from peak to trough.

Posted by little professor @ 12:47 AM (683 views)
Please complete the required fields.

2 thoughts on “Green shoots?

  • House *prices still falling.

    Not sales, prices.

    Please complete the required fields.

  • increased sales would just mean capitulation on the part of sellers, and ultimately will show in the stats as falling prices.

    Fine by me!

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>