Dec 10
16
More gloom for UK property market as demand and prices fall
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Published by Property Community
on Tuesday, 14 December 2010 by Ray Clancy
on Tuesday, 14 December 2010 by Ray Clancy
The residential property market in the UK is likely to remain subdued in the coming months as lack of demand means prices are falling, the latest high profile real estate reports show.
Surveyors’ expectations for property prices over the next three months remain negative, according to the November UK Housing Market Survey from the Royal Institution of Chartered Surveyors out today (Tuesday December 14).
And prices fell by 3% in November and have now gone down in five of the last six months, according to the Rightmove index. This means that the average house in the UK lost almost £7,000 off its value.
