A survey from the Royal Institute of Chartered Surveyors reports that housing prices are cooling off in London and the southeast.
In the three months ending on March 31, the results indicate that while prices still rose, they did so at a slower pace than in the previous period. Just over 60 per cent of those surveyed saw prices rise – three per cent less than the three months ending February 29.
In London, 58 per cent said prices rose, down 13 per cent, and in the southeast, 60 per cent said they rose, a drop of eight per cent.
The report concludes “data for London and the southeast, once seasonal effects are taken into account, show that the pace of price increases has slowed in recent months”.