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U.K. housing gauge falls to lowest since May 2009: RICS

Posted on 14 September 2010

From Bloomberg: A U.K. housing-market gauge fell more than economists expected in August to the lowest since May 2009 as an increase in supply of homes for sale pushed down prices, the Royal Institution of Chartered Surveyors said.
The number of real-estate agents and surveyors saying prices fell exceeded those reporting gains by 32 percentage points, down from minus 8 points in July, the London-based group said in an e-mailed report today. The median forecast in a Bloomberg News survey of 17 economists was minus 12 points……………………………………….Full Article: Source

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