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Tuesday, 10 February 2009

RICS Reports that House Prices Fell in January

RICS has reported that house prices continued to fall in January despite an increased interest from buyers.

According to RICS 76.3% of its members reported a fall in prices, up from 73.9% in December. The average sale per agency fell slightly to 9.9 from 10 in December.

Brighter news is that enquiries from buyers rose for the third month in a row. This is relfected in figures showing that 10% more estate agents expect sales to increase in the coming months than those who said sales wil drop.

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