UK house prices fell for the second month in a row in September, so says the Royal Institution of Chartered Surveyors (Rics).
The Rics housing market survey higlights that 14.6% more chartered surveyors reported a decrease in house prices, with 3.3% more reporting decreases in August.
Nonetheless, the property sector does not anticipate a property crash.
Such a crash is not expected while economic growth is healthy and employment conditions buoyant .
The greatest price decreases were in Wales, East Anglia and the Midlands. Property prices shot up most in Scotland .
83% of London 's chartered surveyors stated prices are remaining steady.
The survey also highlighted that new buyer enquiries decreased for the tenth consecutive month and at the quickest pace since March 2003, with new instructions to sell decreasing as well.
Property falls are arising as buyers begin to negotiate more on prices and their confidence in the property market starts to fall.
 |
| Property Guides |
Buying property |
| Find Property in the UK |
| My estateagents | |||||
|
House Prices Fall For Second Consecutive Month
Thu, 11 Oct 2007
Recommended links
House Prices HaltHouse Prices Fall in September
House Prices Freeze
UK to Fare Well in Credit Crunch Storm
| Bookmark: |  |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| Estate Agents news |
|---|
| Empty Home Numbers Down in England - Wed, 05 Dec 2007 |
| Buying Supercedes Renting to the Tune of 5,000 GBP - Wed, 21 Nov 2007 |
| Surveyors begin to see house prices fall in England and Wales - Wed, 14 Nov 2007 |
| More News |
