Mainstream property market sees ‘renewed deterioration’ as buyer enquiries fall again – RICS
'An important message coming back from RICS agents is around ensuring prices are set with an eye on the market conditions of today, rather than the recent past,' says the Institute's Chief Economist; 'when this is done, sales are taking place.'
'The downturn in the housing market this time could be shallower compared with past experiences,' says Simon Rubinsohn, Chief Economist at the Royal Institute of Chartered Surveyors.
Surveyors expect the weak sales market to continue for 'a while longer', before more stability returns.
Surveyors reported a dip in home-buyer demand last month, but most other property market indicators continue to improve from last year's low-point.
Companies in this articleRICS
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