Transactions at record low - RICS

In its latest housing market survey, the trade body reveals the average number of transactions per agency over the last three months is now at 10.1, a drop from 10.6 in November, and the lowest figure since the survey began in 1978. The balance of surveyors reporting house price falls decreased slightly in December with 73.5% more chartered surveyors reporting a fall than a rise in house prices, down from 75.8% in October. London continues to suffer the worst, with surveyors reporting only seven sales per agency over the last three months, while surveyors in the South East and South Wes...