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Home.co.uk

News: UK Property market still in the doldrums, say RICS

Wed, 13 Apr 11


The latest RICS monthly survey for March shows sales and prices were generally flat, while interest from would-be buyers was declining.

The survey results are in accordance with those of other recent property surveys.

However, RICS said there were big regional differences, with London very different to the rest of the UK.

'The rather negative outlook for property prices across the UK seems to better reflect the general economy than the micro climate of London,' said RICS housing spokesperson, Ian Perry.

Released yesterday, the Home.co.uk Asking Price Index report shows that, on avergae, prices have risen a little (0.4% since March) but remain 0.9% lower than a year ago. The home report also shows that the typical time on market is longer than a year ago.

See also: RICS Housing Market Survey, Home Asking Price Index.

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