Friday 10 February 2012 | RSS Feed

Fewer moves but fewer price falls

There were 15.3 transactions per surveyor during the three month to the end of June – the lowest level since record began in 1978, according to RICS.


15 July, 2008

The reason why so many are choosing not to move is probably down to many potential buyers not able to get a mortgage, according to the Royal Institute of Chartered Surveyors (RICS).

However, on the positive side, fewer surveyors reported house price falls in June than May. Nevertheless the number reporting a drop in prices was still high, with 88% of surveyors saying prices had come down in June, down from 92% in May.

Another positive coming out of the report was that there was little sign of repossessed homes being sold in large numbers because employment levels remain high.




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