10
Jun
Estate agents suggest regions give the clearest housing market
picture
The National Association of Estate Agents (NAEA) has suggested that
in order to get a clear idea of the state of the housing market,
people should look at the regional picture.
Commenting on the latest data from the Royal Institution of
Chartered Surveyors (RICS), the organisation said it is important
to keep negative figures in perspective.
Although the RICS house price balance improved slightly in May, it
still remained depressed with 92.9 per cent more of its members
reporting a fall than a rise in house prices.
That overall figure masks regional variations however, with some
areas faring worse than others, such as the south-east and East
Anglia where chartered surveyors were unanimous in reporting
falling house prices.
In a statement the NAEA said: "The picture is mixed across the
country and some areas will be more affected than others, so people
really need to look to their local markets to get a true
picture."
