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UK: House sales have dropped 40 pct in the past five years

Posted on 13 June 2012

The housing market has become “stagnant” after activity has collapsed by two-fifths in the last five years, a report published today reveals. The Royal Institution of Chartered Surveyors (RICS) said just over 15 completed sales were made per surveyor in the three months to May.
That’s a 40 per cent fall on the 25 sales made over the same period in 2007. RICS blamed the conditions on “banks’ reluctance” to offer loans………………………………………..Full Article: Source


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