Tuesday, January 12, 2010
House prices fell in the North and the West Midlands in December as market activity dampened, exposing those regions where the recovery has been weakest. According to the Royal Institution of Chartered Surveyors (RICS), last monthâ€™s figures showed 5 per cent more surveyors in the West Midlands reporting prices falling rather than rising, and 7 per cent more in the North. The industry body added the East Midlands and Northern Ireland to its list of areas at risk of further immediate falls. The overall proportion of surveyors reporting a rise rather than a fall in prices remained positive but slipped slightly, from 35 per cent to 30 per cent, and was below analystsâ€™ forecasts of 36 per cent.