Wednesday, 13 July 2011

Property remains at a stand-still...

The UK property market continues to remain at a "stand-still" as we have seen in the most recent survey taken in June, by the Royal Institution of Chartered Surveyors.

While sales rose only "marginally" prices continued to fall back.

The Department for Communities and Local Government said that the average prices in the UK have dropped by 1.6% over the last year, and by 0.5% in May.

The only prices to have risen in the past year are those in London.

Reports by the Department for Communities and Local Government stated that "average prices decreased during the year in England (-1.3%) and also decreased in Wales (-6.1%), Scotland (-2.5%) and Northern Ireland (-13.2%),"

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