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RICS housing market survey United Kingdom November 2008 [electronic resource]

By: Language: English Series: RICS Housing Market Survey United Kingdom ; November 2008Publication details: London RICS 2008Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: Survey reports a second, consecutive improvement in the RICS house price balance, although it remains historically depressed. The net balance of Chartered Surveyors reporting a fall than a rise in house prices improved from -81 to -76.5 in November. The average number of transactions per surveyor (over the last three months) fell to 10.6%, setting a new low for activity. New buyer enquiries and newly agreed sales balances are still negative but improved. Inventory of stocks on surveyor's books dropped to 78.3 in November, largely as a result of thwarted sellers choosing to rent out their properties until the market improves. While many of the indicators remain very low, there were some positive signs, including the improvement of the price balances in Scotland and Northern Ireland.
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Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 146110-1001

Survey reports a second, consecutive improvement in the RICS house price balance, although it remains historically depressed. The net balance of Chartered Surveyors reporting a fall than a rise in house prices improved from -81 to -76.5 in November. The average number of transactions per surveyor (over the last three months) fell to 10.6%, setting a new low for activity. New buyer enquiries and newly agreed sales balances are still negative but improved. Inventory of stocks on surveyor's books dropped to 78.3 in November, largely as a result of thwarted sellers choosing to rent out their properties until the market improves. While many of the indicators remain very low, there were some positive signs, including the improvement of the price balances in Scotland and Northern Ireland.