House prices are now falling at their steepest rate for nine years, suggests the latest RICS housing market survey.
Admittedly, the Royal Institution of Chartered Surveyors is slightly different to most house price surveys, as it analyses the comments of chartered surveyors rather than house prices in specific areas. That said, its latest three-month survey reveals house prices are either the same or down in most areas for the second consecutive month in a row. The number of available properties on the market has risen to its highest level for over a year and around 42% of the RICS members questioned say house prices have fallen rather than risen, while 52% say prices have remained the same and jus...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes