RICS: Housing Market Survey 2010 September
In January extreme weather put a freeze on market activity, but new instructions rebounded strongly in February.
In March vendor activity picked up, but enquiries stabilised. The April survey showed an across the board rebound in sentiment. The net price balance increased from +9 to +17, indicating a greater number of surveyors witnessed an increase rather than a decrease in house prices over the last three months.
In May house prices edge up again but supply jumps on the back of the abolition of HIPs.
In June the net price balance fell from +21 to +9. This is the lowest reading since July 2009. The July 2010 survey shows more surveyors are now seeing falling rather than rising prices, with the headline price balance slipping from +8 to -8, the first negative reading since July 2009.
In September the headline price net balance declined from -32 to -36, the third
consecutive monthly fall.
