Property Renovations Ely Ltd

The balance of surveyors reporting house price falls increased again in January, says RICS’ UK housing market survey published today.

It is reported that the RICS house price balance dropped for the sixth month in succession signalling half a year of negative market sentiment.

Almost 55 percent more Chartered Surveyors reported a fall than a rise in house prices an increase from just over 49 percent in December.

According to surveyors, the only part of the UK where prices continue to rise is Scotland with the net balance of surveyors in that country reporting price rises edging up from 3% to 7%.