Housing sales slump to all-time low - papers 15 July

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 f...