Surveyors: housing woe is here to stay

 
Ben Southwood
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THE HOUSING market remained depressed in June, as demand stayed low and supply shrunk, according to data published yesterday by the Royal Institute of Chartered Surveyors (RICS).

House prices slumped further, with 22 per cent more respondents reporting drops than upturn. Though London was an exception, prices in the capital still grew at a slower rate than earlier this year. Newly agreed sales across the UK slowed, with 12 per cent more respondents reporting falls than reported rises, and the average number of complete sales per surveyor inched down to 15.5.