Tuesday, December 14, 2010
Property bear has doubts
There is much in the latest RICS report to be bearish about. And yet one has to be honest about these things. The RICS housing market survey may be just about the best report out there for gauging the state of the UK housing market, and it may unambiguously be pointing to falling house prices for the next few months, but at the same time it is clearly not yet pointing to an outright crash in house prices. If anything, the latest report might suggest gentle falls in the year ahead.