Tuesday 10 May 2011

More figures show house prices falling - Property, House & Home - The Independent

More figures show house prices falling - Property, House & Home - The Independent

House prices continued to edge lower during April as sellers returned to the market but demand from buyers remained muted, research indicated today.

The supply of property for sale increased during the month as homeowners made the most of the traditionally busy spring period to put their property on the market, according to the Royal Institution of Chartered Surveyors.

A balance of 18% of surveyors reported a rise rather than a fall in new instructions, up from just 4% more who saw a rise in March, as tentative signs that property prices may have stabilised also acted as a trigger to sellers.

Demand from potential buyers also showed signs of improving, as the good weather led to an increased number of viewing in many parts of the UK.

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