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11/09/2012 13:20:05

Weak house price readings in Yorkshire

Chartered surveyors in Yorkshire were among those who reported the weakest readings for house prices last month, according to the latest RICS UK housing market survey.

The report also found that across the UK, the number of surveyors who reported falls in demand rose by 9% in August, compared to an increase of 4% the previous month.

On the whole they sold an average of around one in 13 (7.5%) of the homes on their books per month in the three months to August. This figure has remained consistent since the beginning of 2012, RICS added.

The only region where surveyors reported a positive reading for house prices was London, while those in Northern Ireland, Yorkshire and the West Midlands reported the weakest readings.

The ongoing economic uncertainty, the eurozone debt crisis and the end of a two-year amnesty on stamp duty for first-time buyers have all contributed to the problems in the housing market, according to RICS.

Copyright Press Association 2012


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