Home sellers continued to outnumber buyers in the last three months causing property prices to slip back, according to surveyors.
The Royal Institution of Chartered Surveyors (RICS) said 44% of its members saw prices fall in the past three months. Only 6% reported rising prices, while 50% said they had been stable. Average sales per surveyor remained constant at 16.7 over the month, RICS said, while the average number of properties on surveyors' books rose 1.9% to 69.1. RICS spokesperson Ian Perry said it was "very much" a buyers' market. "The fresh influx of property to the market combined with a lack of buyers remains the key problem affecting the sector. "First-time buyers are in particularly short s...
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