15 Apr

March prices 'dip apart from Scotland'

March prices 'dip apart from Scotland'

House prices dipped during March this year, figures released by the Royal Institution of Chartered Surveyors (RICS) have suggested.

Of the surveyors polled by the organisation, 78.5 per cent stated that there had been a drop rather than a rise in house prices in the month.

However, homes in Scotland appeared to stay immune from the problems affecting the rest of the UK, as four per cent more of those questioned in the country stated that prices had risen instead of decreasing.

Generally, the industry has taken a knock in recent times, suggested spokesman at RICS Jeremy Leaf.

"Sentiment is at a very low ebb and will continue to remain depressed while the economy suffers from this unique liquidity blight. The slowdown in prices is directly attributable to a lack of available finance which has hit demand," he asserted.

Banks were recently urged to cut their interest rates by the chancellor Alistair Darling.ADNFCR-1222-ID-18552486-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.