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RICS survey points to house price falls

UK chartered surveyors are continuing to report house price falls with 44 per cent reporting a fall in September compared to 38 per cent the previous month.

The latest Royal Institute of Chartered Surveyors UK housing market survey shows 6 per cent of surveyors saw prices rise in September while 44 per cent saw prices fall and 50 per cent reported that prices had stayed the same.

RICS spokesman Ian Perry says: “The fresh influx of property to the market combined with a lack of buyers remains the key problem affecting the sector. Without sufficient demand property prices continue to slip back. However, many areas are reporting a correction rather than dramatic falls in prices and vendors who are prepared to be realistic with pricing are still able to achieve a sale. It’s very much a buyers market at the moment.”

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. Isn’t it a bit silly to argue over semantics?

    Surely if house prices are lower they are falling—end of story.

  2. The most boring, most over-hyped, uncontrolled asset market needs a good dose reality.
    Agh (yawn) – wake me up when its 30% lower.

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