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RICS Residential Survey: May 2016

Thursday, June 09, 2016

UK house prices are expected to experience a short-term drop for the first time since 2012, according to our latest Residential Market Survey.

The May RICS Residential Market Survey shows demand contracting for the second consecutive month and falling at the fastest pace since mid-2008. New buyer enquiries declined, to a greater or lesser degree, across most parts of the UK with a net balance of 33% of contributors, at the national level, reporting a fall.