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Thursday, 13 December 2007

House Prices Fall Again

The latest report by the Royal Institute of Chartered Surveyors (RICs) shows that house prices are continuing to fall across the UK. This is the 4th month in a row that prices have fallen.

The fall in prices also seems to becoming more widespread, with 58% of members reporting a drop.

Enquiries from new buyers were still falling heavily, while the number of newly-agreed sales was dropping at its fastest rate since 1999, when Rics first started questioning its members about them.

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