Monday, October 11, 2010
RICS Ian Perry – “Many areas are reporting a correction rather than dramatic fall”
House prices have continued to fall, weighed down by an increasing supply of homes on the market, a survey of surveyors shows. The proportion of surveyors reporting falling house prices grew for the third month in a row, with 44% reporting a fall in September. Just 6% reported a rise and the remainder said that prices had been static......... Overall, the survey appears to tally with results from the Halifax which last week reported a record 3.6% drop in house prices for September.