Transactions in the housing market are at their lowest since the Royal Institution of Chartered Surveyors began surveying its members 30 years ago, The Guardian reports.
In its monthly snapshot out today, Rics says prices continued to fall in June but at a slightly slower pace than in the previous two months. The survey showed an average of 15.3 sales per surveyor over the past three months - the lowest figure recorded since the survey began in 1978. The Rics house price balance improved slightly but remains very depressed. It showed that 88% more surveyors reported a fall than a rise in house prices, a decrease from 92.2% in May and 94.2% in April. Surveyors in the West Midlands were unanimous that house prices are falling. IN KEEPING WITH the calls for...
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