The RICS house price reading was at its lowest level in more than four years in its latest survey, as weakness in the London market spread outwards.
Sales activity has been slipping in recent months, and the most worrying aspect of the latest survey is the suggestion this could continue for some time, RICS chief economist Simon Rubinsohn said.
A balance of 48% of agents in London reported a fall in prices rather than a rise in the three months to July. For the southeast, the balance was 24% – the weakest since 2011.
Click here for the full Daily Telegraph article
Click here for the full FT article (£)
Click here for the full Bloomberg article
The Guardian, p. 23
