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

By: Language: English Series: RICS Housing Market Survey United Kingdom ; May 2008Publication details: London RICS 2008Subject(s): LOC classification:
  • 333.33 $2 18
Online resources: Summary: The balance of Chartered Surveyors reporting house price falls decreased somewhat in May, with the average number of transactions per surveyor falling further. The RICS house price balance improved slightly for the first time in ten months but still remains a depressed figure and 92.9% more Chartered Surveyors reported a fall than a rise in house prices, a decrease from 94.7% in April. The continuing lack of demand in the housing market is demonstrated by the collapse in transactions. Also, the average number of transactions per surveyor (over the last three months) is now at 17.4, the lowest figure since 1978 and the net balance of new agreed sales remains in negative territory.

The balance of Chartered Surveyors reporting house price falls decreased somewhat in May, with the average number of transactions per surveyor falling further. The RICS house price balance improved slightly for the first time in ten months but still remains a depressed figure and 92.9% more Chartered Surveyors reported a fall than a rise in house prices, a decrease from 94.7% in April. The continuing lack of demand in the housing market is demonstrated by the collapse in transactions. Also, the average number of transactions per surveyor (over the last three months) is now at 17.4, the lowest figure since 1978 and the net balance of new agreed sales remains in negative territory.

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