Recent Posts
- Budget 2021: What does it mean for homeowners, buyers and sellers?
- New industry-led body launched to oversee new homes quality and consumer redress
- £3.5 billion and loans announced to fix cladding scandal
- 5 top tips for hosting a virtual viewing
- First time buyers need to find £10,000 more for deposit
RICS national housing survey paints grim picture
The housing market continues to struggle and few expect things to change soon.
August 14, 2012
Sales of homes are at a four year low, every region except London is seeing price falls, unsold houses on estate agents’ books highest since last November. These are just some of the rather worrying findings of the latest Royal Institute of Chartered Surveyors (RICS) national housing survey. Moreover, a majority of respondents expect prices to continue to fall in the near future.
RICS have tried to pick what scraps of hope they can from their own survey. It insists that wet weather has not deterred potential buyers because only a further five per cent of surveyors reported falls in demand in July compared to June. Hardly a cause for celebration. The average sales per surveyor per branch also fell to just over 15. This is in stark contrast to the peak of approximately 40 properties per surveyor in 2002. The amount of stock surveyors have on their book edged up as sales to stock ratios fell from 22.9% to 22.2%.
If you want to read the RICS press release and the full report click here.
-
Sign up to our FREE weekly newsletter
for the latest news, advice and exclusive money saving offers
Leave a comment* Required