Falls in house prices across the country may now be at their most severe since the property slump of the early Nineties, according to bleak figures today suggesting that Britain's housing downturn is gathering pace, The Times reports.
A highly influential barometer of housing market conditions reports this morning that 49.1% more surveyors found that house prices fell last month than saw them rise. The gloomy result is the worst since November 1992 in the closely watched poll carried out by the Royal Institution of Chartered Surveyors (RICS), when this “negative balance” fell as far as minus 60.1%. December's figure compares with a negative balance of 40.6% of surveyors who reported that prices were on the slide in November. CONSUMERS WAITING FOR THE TEST case over the legality of bank overdraft charges to start will ...
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