More Surveyors Seeing House Price Falls
In the latest RICS survey for February, the number of surveyors reporting house price falls was close to levels not seen since June 1990.64.1% more surveyors reported a fall than a rise in house prices in February - up from 54.7% in January. In June 1990 64.5% of surveyors reported falls, so we are now very close to record low levels.
This is the 7th consecutive month that more surveyors have reported falls than rises is this survey is seen as a good baromoeter of market sentiment, as it is reported by people actually on the ground, doing the valuations.
Enquiries from new buyers fell for the 15th month, suggesting a continued slowdown.
Many would-be-buyers are either struggling to raise the necessary finance to precipitate a move or are exercising caution in light of current economic uncertainty," said RICS.
"Confidence in the market is clearly having an effect on prices," said RICS spokesman Ian Perry.
The lack of buyers is causing a stockpile of houses on the market in some areas of the country. If you find yourself in this situation - you want to sell, but can't find a buyer - then call Quick Move Now. We are the UK's leading home purchase specialists and we can arrange to buy your house, for cash, in as little as 7 days.
Give us a call today on 0800 068 3366.
0 Comments:
Post a Comment
Links to this post:
Create a Link