House Prices Falling Again
The Royal Institution of Chartered Surveyors (RICS) has reported a third consecutive month of falling house prices. They suggest that prices are now falling at their fastest rate since July 2005."The housing market is seeing the awaited slowdown that many had been expecting, with modest falls reported across most UK regions," said RICS spokesman Ian Perry.
Equally important for our clients is that enquiries from new buyers also fell, for the 11th month in a row, as other factors came into play.
"Interest rate rises, the recent credit crunch and the subsequent tightening of lending conditions have all had an impact upon demand," said RICS.
With the falling number of buyers, those looking to move and to sell quickly are finding it increasingly difficult. This has been reflected in a noticeable increase in the number of enquiries that we have been receiving, as people are beginning to struggle to sell their houses quickly enough.
If you need to sell your house, but are struggling to find a buyer, call Quick Move Now on 0800 068 3366.
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