10 Aug

Estate agents 'optimistic about fall in house prices'

Estate agents 'optimistic about fall in house prices'

Estate agents in the UK are optimist about the recent fall in house prices as it could lead to an increase in property sales, according to a report.

Today (August 10th), Rics released its July UK Housing Market Survey which revealed that there has been a decline in house values over July - the first drop since July 2009.

It attributed this decline in value to an increase in the number of properties coming back on the market.

Rics spokesperson Ian Perry said: "Agents are still generally optimistic about sales activity which should benefit from more realistic pricing of properties."

According to the survey, nearly a third of surveyors predicted that prices will continue to fall over the next few months, while eight per cent more surveyors than in June said that they anticipate the number of houses for sale in the UK to rise.

Recent research by Zoopla.co.uk also revealed that 32 per cent of properties on its website have reduced their asking prices at least once.ADNFCR-1222-ID-800019542-ADNFCR

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