Further evidence of a housing slowdown emerged in December’s FT house index, which showed that house price inflation has slowed from the summer’s double digit rate of growth to its lowest rate this year. Click on the link below to view the FT interactive house price map.
http://www.ft.com/cms/s/2/37c59e28-a21c-11db-a187-0000779e2340.html
Property prices are falling to an extent not seen since the 1990s housing recession, a surveyors' body warns. The Royal Institution of Chartered Surveyors (Rics) said 49.1% more surveyors saw price falls in December than reported a rise. This was the gloomiest figure since November 1992.
Prices have been hit by last year's interest rate rises and tighter lending criteria, Rics said. Other surveys have also indicated the market is slowing.
Prices have been hit by last year's interest rate rises and tighter lending criteria, Rics said. Other surveys have also indicated the market is slowing.
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