RICS: North South property divide widens | This is Money

RICS: North South property divide widens | This is Money

House prices are falling across the UK, except in London, according to the latest RICS report – as the North South divide widens once more.

The Royal Institution of Chartered Surveyors report for February showed on average 26% more member estate agents recording house prices falling than rising.

But even in London the picture remains mixed and RICS' member comments suggest the imminent rise in stamp duty from 4% to 5% above £1m may be pushing sales through and boosting the figures.