Wednesday, August 10, 2011
It’s those pesky banks again stymying FTBs’ dreams.
Britain's housing market stuttered further during July as estate agents reported sales at a two-year low. Rics, the surveyors' trade body, said its estate agent members had managed to sell just 14.2 properties on average over the past three months, making it the quietest period for sales since June 2009. The majority of surveyors also reported that house prices fell rather than rose through July, and though the proportion fell slightly this figure has been in the red for more than a year. Rics spokesman Ian Perry said: "The UK housing market continued to stall during July; prices edged lower and sales levels remained subdued.