House Prices Slip

As sales and new buyer interest appeared to hold steady after seeing declines in previous months, the national RICS Price balance slipped to -8% in April, having been flat in both February and March.  Although this figure signals only a slight decline at this stage, it is still the most negative figure since November 2012. The regional price picture is still mixed, and the national reading is being heavily weighed down by the feedback from London, where 65% more respondents saw prices fall over the month rather than rise (which is the weakest reading since February 2009). Falling prices were also still being reported in the South East, and also in the South West for the first time since May 2013. By way of contrast, house prices continue to rise in Northern Ireland and Scotland. Read more on the RICS website.

http://www.rics.org/uk/news/news-insight/press-releases/buyer-enquiries-and-sales-stabilise-in-april-as-house-prices-dip/