Housing prices reveal stability - RICS

Although house prices continue to decline for a sixth consecutive month, the monthly survey conducted by The Royal Institution of Chartered Surveyors (RICS) reveals the rate at which housing prices fell in January eased to its slowest rate in four months. That said, the number of newly agreed sales for January increased, marking the first time since April last year. RICS also reported a small decline in the amount of properties available for purchase, the first drop in eight months, however the choice of available properties remains 16% higher than last year. Across the country, price...