14 Dec

Rics: Housing market remained stable in November

Rics: Housing market remained stable in November

People considering buying properties for sale were told that the housing market remained relatively stable in November 2010.

The Royal Institution of Chartered Surveyors (Rics) released its November UK Housing Market Survey today (December 14th 2010), which revealed that conditions had been similar to the previous month.

Spokesman for the group Ian Perry said: "There was little change in the housing market in November; prices continued to edge lower and sales levels generally remained subdued."

It reported that 44 per cent more chartered surveyors said that property prices fell in November rather than rose, an improvement on 49 per cent in October.

The report also found that the number of stocks on surveyors' books rose to 69.5 from 67.2, surpassing the 69.1 figure shown in September.

Mr Perry added that potential buyers could possibly simply be taking their time before buying properties for sale, with "many deciding to 'wait and see' until the new year".ADNFCR-1222-ID-800291081-ADNFCR

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