RICS sees falling house prices but rising sales expectations

Sept. 14, 2010
Thirty two percent more chartered surveyors reported falling rather than rising house prices in August, according to the Royal Institute of Chartered Surveyors. This is the biggest negative reading since May 2009, the downward trend driven by a combination of increased supply and a moderation in buyer demand, RICS said. The balance of newly agreed sales also dropped from +1 …

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