House prices slide as average deal yields 90% of asking price
Tuesday, September 02, 2008
A leading group of property workers has called on the Government to kick start the housing market, as new figures showed that people selling their houses are being forced to cut almost 10 per cent off the asking price to secure a sale.
The Royal Institution of Chartered Surveyors (RICS), said that the Government’s attempts to drag the housing market out of the doldrums have been “limited”, and has made a number of suggestions to kick start activity.
The Government is tomorrow expected to announce a series of new measures to help struggling homeowners and first-time buyers.
Proposals are forecast to include improved support for people facing repossession and shared equity schemes for those trying to get on the property ladder.
Read more at Times Construction news
The Royal Institution of Chartered Surveyors (RICS), said that the Government’s attempts to drag the housing market out of the doldrums have been “limited”, and has made a number of suggestions to kick start activity.
The Government is tomorrow expected to announce a series of new measures to help struggling homeowners and first-time buyers.
Proposals are forecast to include improved support for people facing repossession and shared equity schemes for those trying to get on the property ladder.
Read more at Times Construction news
Labels: falling house prices, House market, House prices survey, Housing Minister, property prices, property trends, RCIS, uk housing
