Only fourteen homes were sold per UK estate agent in the three months to August - the lowest total for more than two years, said the Royal Institute of Chartered Surveyors (RICS).
According to its latest housing market survey, more surveyors reported price falls than price rises in August, with 78% citing economic uncertainty as the reason for the slump and 66% blaming a lack of mortgage lending for the sluggish housing market. Regionally, 74% of surveyors in London cited lack of stock as a reason for the subdued housing market. However, in Northern Ireland where price falls have been particularly severe, fear of further declines was the most cited factor. New buyer enquiries fell back in August as 3% more surveyors reported a decrease rather than an increase. ...
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