Tuesday, May 10, 2011
House prices slide despite more activity
HOUSE prices continued their decline last month despite increasing signs of the market stabilising, two separate surveys have shown. Prices were down 1.4 per cent in April, the Halifax announced yesterday, while this morning the Royal Institution of Chartered Surveyors (RICS) revealed that 29 per cent of surveyors are still reporting falling prices, compared to just 12 per cent that found rising prices. The negative balance, -16 per cent, is a modest improvement on the previous month (-20 per cent) with the survey revealing improvements in both supply and demand.