House prices fall in July as demand stalls

Its figures showed 8% more surveyors in July reported a dip in house prices than a rise. This is the first time since July 2009 that more surveyors have seen falling rather than increasing property values and is the lowest reading for over a year. By comparison in June, 8% more surveyors said house prices were going up than down. The only areas to see notable price rises in the past month were London and the North West. RICS said demand for property fell for the second month in a row, as potential buyers grew increasingly cautious due to uncertain economic prospects and difficul...