Tuesday, August 14, 2012
“Activity contracts further”
The July 2012 RICS UK Housing Market Survey highlights four main trends. Firstly, the headline price balance edged down to -24 in July.Secondly, activity levels dipped further, with transactions slipping for the fourth consecutive month. Thirdly, London remains the only region recording rising prices. Finally, respondents expect prices to fall further in the coming months, although sales expectations remain positive.