Housing market slump could continue in 2011-RICS

Its comments come amid fears the housing slump could continue into the New Year. More surveyors reported prices falling than rising in November, which was a similar picture to the previous month. Meanwhile, new buyer enquiries, newly agreed sales and average sales per surveyor also fell during the month. Prices fell across the UK and activity remained slow. The lack of demand, especially from first-time buyers struggling to get a mortgage, was in evidence from the falling number of new-buyer enquiries which has fallen for six months in a row. Individual surveyors have reported t...