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.
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.
- Women flee the nest earlier
- Brits shelter from crunch by staying at home
- Exclusive Connections promotion
- People spend savings on mortgages
- Brokers should heed FSA warning
- Mortgage products increase
- Landlords ignorant of EPC requirement
- AXA joins Paradigm panel
- L&G launches conveyancing
- Mortgage Intelligence launches legal service
- Paaleads launches debt and IVA leads
- Consumers fail to protect themselves
- AMI welcomes A&L deal






