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RICS housing market survey Great Britain March 2005

By: Language: English Series: RICS Housing Market Survey Great Britain ; March 2005Publication details: London RICS 2005Description: 16p. 30cmISSN:
  • 1465-1076
Subject(s): LOC classification:
  • 333.33
Online resources: Summary: Reports that house prices fell again in the three months to March 2005 due to subdued market conditions with prices weak across much of the country. For this period 37% more surveyors reported price falls than rises. Completed sales in March were stable with average sales per surveyor remaining at 21. Stocks of unsold property fell back in March to 73 per surveyor. Newly agreed sales in March registered little change but confidence in the sales outlook improved further reaching the highest level since November 2004. Surveyors have revised their price outlook downwards in the near term and still envisage falls in the months ahead. New buyer enquiries showed little change in March. The threat of further rate increases is still inducing buyer caution.

Reports that house prices fell again in the three months to March 2005 due to subdued market conditions with prices weak across much of the country. For this period 37% more surveyors reported price falls than rises. Completed sales in March were stable with average sales per surveyor remaining at 21. Stocks of unsold property fell back in March to 73 per surveyor. Newly agreed sales in March registered little change but confidence in the sales outlook improved further reaching the highest level since November 2004. Surveyors have revised their price outlook downwards in the near term and still envisage falls in the months ahead. New buyer enquiries showed little change in March. The threat of further rate increases is still inducing buyer caution.