Activity in the property market fell 30% in April compared with the same period a year ago, a new report indicates.
A survey from the Royal Institution of Chartered Surveyors (RICS) suggests a further cooling in the market and supports recent figures released by The Land Registry, while in conflict with the latest monthly report from Halifax. RICS finds 40% of chartered surveyors report a drop in house prices during April - a fraction more than 37% from the month before - and believe the housing market is experiencing "post-election fears over interest rate rises" which is overriding confidence installed by an improved jobs market in recent months. Additionally, market indicators such as buyer enqui...
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