Surveyors are recording falling housing prices by the worst margin since the market crashed in 1990, the Royal Institute of Chartered Surveyors said on Tuesday. During the past three months, only four percent of surveyors reported prices rising, while 57 percent said they were falling, a net balance of minus 53 percent.
When adjusted for seasonal factors, the net balance was minus 64.1 percent, the worst figure for the housing market that the RICS survey has recorded since June 1990 when house prices began a half-decade slump. January's figure was -54.8 percent.
I hope this downward spiral continues, I have my eyes on a flat in London this year
When adjusted for seasonal factors, the net balance was minus 64.1 percent, the worst figure for the housing market that the RICS survey has recorded since June 1990 when house prices began a half-decade slump. January's figure was -54.8 percent.
I hope this downward spiral continues, I have my eyes on a flat in London this year