Housing market confidence hits 30-year low

The news comes as Gordon Brown and Alistair Darling meet with mortgage lenders to discuss solutions to the current liquidity crisis. The survey of surveyors found 78.5% more reported a fall in prices than reported a rise during March, the lowest level in the survey’s 30-year history. Only Scotland saw a reported rise in prices, with 4% more surveyors reporting a rise than a fall, down from 10% in February. The East Midlands is suffering the most from the crisis, with 89% more surveyors reporting a price fall than a rise. Surveyors blamed a fall in new buyer enquiries as a major cause of...