Category — Wales

The RICS house price balance declined at the fastest pace since July 2005 but limited supply is still propping up the market, says RICS’ UK Housing Market Survey.

Surveyors reported that house price growth remained negative for the third month in succession.

22.2% more Chartered Surveyors reported a fall than a rise in house prices, down from 14.9  in September -  the fastest decline in sentiment since July 2005 when 30.9%Chartered Surveyors reported a fall than a rise.
However, new instructions declined for the fifth consecutive month. 17% more Chartered Surveyors reported a fall than a rise in new instructions to sell property. 

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