Buyers and sellers abandon the housing market – that’s bad news for house building numbers
The latest housing market survey released today by the surveyors’ body RICS paints a fascinating picture of the courting process between buyers and sellers of houses. The headline figure taken from the survey was always going to be that the majority of estate agents are now seeing house price falls. The figure for the balance of agents seeing rising prices against those seeing prices fall was -52, which was the lowest since March last year. This figure fits with the general…