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RICS housing market survey United Kingdom November 2007 [electronic resource]

By: Language: English Series: RICS Housing Market Survey United Kingdom ; November 2007Publication details: London RICS 2007Subject(s): LOC classification:
  • 333.33 $2 18
Summary: Finds that new sales have declined at the fastest rate this figure was first included in the survey, in April 1999. 40.6% more surveyors reported a fall than a rise in prices, the most negative figure since May 2005. This compares with 23.4% in October 2007. These falls are led by weakening property demand. Supply is falling, but not as steeply as in recent months. New buyer enquiries have also fallen. Weak demand and the loosest market since October 2005 have resulted in a further 8.7% rise in unsold stock. Price expectations are at their lowest level since October 1998.
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Item type Current library Call number Copy number Status Barcode
Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 141716-1001

Finds that new sales have declined at the fastest rate this figure was first included in the survey, in April 1999. 40.6% more surveyors reported a fall than a rise in prices, the most negative figure since May 2005. This compares with 23.4% in October 2007. These falls are led by weakening property demand. Supply is falling, but not as steeply as in recent months. New buyer enquiries have also fallen. Weak demand and the loosest market since October 2005 have resulted in a further 8.7% rise in unsold stock. Price expectations are at their lowest level since October 1998.